Dangote Refinery denies fresh petrol price increase
Dangote Petroleum Refinery & Petrochemicals has announced that the price of Premium Motor Spirit (PMS) will remain stable, despite concerns regarding potential fluctuations in the downstream market. A representative from the company confirmed that their pricing structure is unchanged, with the gantry price set at N1,200 per litre and the coastal price at N1,153 per litre. "We are upholding our current price and have not introduced any new pricing for our clients," the representative stated. The individual further emphasized that the refinery is committed to ensuring a consistent supply of refined petroleum products throughout Nigeria and the broader African market, thereby reinforcing its role in maintaining supply stability. Reports emerged on Tuesday indicating that the Refinery had raised the gantry price for petrol and diesel. These reports, citing a senior official at the refinery, suggested that the facility modified its pricing in response to current...