Dangote Refinery has clarified that “the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices.” In a statement on Sunday, the refinery noted that “any fluctuation in its international price inevitably impacts the cost of the finished product.” Earlier this week, Dangote implemented a 5% increase in the depot price of petrol, raising it from N899.50 to N950 per litre. However, the statement clarified that “it is important to note that this increase is considerably lower…
Read MoreIncrease In Fuel Price Not Our Fault — Dangote Refinery
