Dangote Refinery has increased its petrol price, raising the ex-depot rate by N75 to N1,350 per litre.
The latest Dangote fuel price hike comes just days after a previous adjustment, signalling continued changes in Nigeria’s downstream oil market.
New price takes effect after recent adjustment
The refinery had earlier increased its price from N1,200 to N1,275 per litre.
With the new adjustment, the Dangote fuel price hike now puts the ex-depot price at N1,350 per litre.
This marks the first price increase by the refinery in May.
Second increase within a short period
The latest Dangote fuel price hike comes seven days after the previous increase.
That earlier adjustment also saw a N75 rise in petrol price.
The back-to-back increases highlight ongoing pricing changes in the sector.
Market reacts to rising fuel costs
Industry observers say the Dangote fuel price hike could influence pump prices across the country.
Retail marketers often adjust their prices based on ex-depot rates.
This means consumers may see further increases at filling stations.
Fuel price trend under close watch
The repeated Dangote fuel price hike has drawn attention from stakeholders monitoring Nigeria’s fuel market.
Analysts say future price movements will depend on supply costs and broader market conditions.
