Dangote Releases Fresh Petrol Prices Despite High Crude Costs

Oil marketers have adjusted depot prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly called diesel, following a fresh price hike by the Dangote Refinery.

Dangote refinery raised its ex-depot petrol price by N75 to N1,275 per litre from N1,200, while coastal prices increased to about N1,215 per litre.

Ex-depot is the price paid by marketers before distribution to retail outlets.

In Lagos, PMS prices rose to a range of about N1,279 to N1,300 per litre. A.A Rano and Ascon increased by N76 to N1,280, while Bono and Integrated gained N75. Rain Oil recorded the largest jump, from N80 to N1,300….CONTINUE FULL READING>>>