The Dangote Petroleum Refinery has announced another increase in the price of Premium Motor Spirit (PMS), marking the third price hike in just one week.
📈 Details of the Hike
- New gantry price: ₦1,175 per litre
- Previous gantry price (Friday): ₦995 per litre
- Increase: ₦180 (~18.1%) in three days
- Diesel (Automotive Gas Oil) revised price: ₦1,620 per litre
🛢 Background
- Just a few days ago, the refinery increased PMS from ₦874 per litre to ₦995, a move that pushed fuel pump prices nationwide above ₦1,000 per litre.
- This continuous surge highlights rapid fuel price adjustments in Nigeria, with implications for transportation and consumer costs.
The repeated hikes are expected to impact businesses, transport fares, and household budgets, raising concerns about inflationary pressures in the coming weeks.
