Dangote Refinery has raised its petrol gantry price to ₦1,200 per litre, taking its total increase to ₦35 in five days despite falling crude prices.
![People queue to buy fuel at a petrol station in Lagos, southwest Nigeria. [Getty Images]](https://image.api.sportal365.com/process/smp-images-production/pulse.ng/26092024/a4dfb120-db99-4729-bf6d-133da7545047?format=webp)
People queue to buy fuel at a petrol station in Lagos, southwest Nigeria. [Getty Images]
&format=webp)
Dangote has not publicly explained the reason for the latest petrol price hike.
&format=webp)
For motorists and commuters, the new pricing will depend largely on how marketers adjust their own selling prices.