The company explained that as crude oil remains the primary input in the production of petrol, any fluctuation in its international price inevitably impacts the cost of the finished product.

allAfrica

South Africa

Nigeria: Dangote Refinery Speaks On Adjustments in Ex-Depot Price of Petrol

Media Bias/Fact Check

Amadou Mahtar Ba

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 …

Daily Post Nigeria

Independent business

Nigeria

Increase in fuel price not our fault — Dangote Refinery

Dangote Petroleum Refinery has distanced itself from allegations of arbitrarily increasing petrol pump prices. The refinery attributed the recent adjustment in the ex-depot price of Premium Motor Spirit to fluctuations in global crude oil prices. This was contained in a press release titled “Increase in Pump Price Not From Us”, issued on Sunday by Anthony

Punch Newspapers

Dangote refinery denies role in petrol pump price hike

Dangote Refinery has rejected criticisms directed at it over the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS) otherwise known as petrol. In a statement by Anthony Chiejina, its Group Chief Branding and Communication Officer on Sunday, January 19, 2025, the indigenous refinery distanced itself from an alleged arbitrary increase in the pump price of the commodity. This is coming a few days after the company announced an up…

Pulse Nigeria

Dangote Refinery refuses to take responsibility for increase in petrol price

Dangote Refinery has released a statement explaining the decision to increase its petrol prices and has explained how it helps Nigerians despite global changes..

Legit.ng - Nigeria news.

Ikeja

Lagos

Dangote refinery releases statement, announces new petrol prices

Dangote Refinery has announced a five per cent increase in the ex-depot price of petrol from N899.50 to N950 per litre due to a significant rise in global crude oil prices, which surged from $70 to $82 per barrel. This adjustment is lower than the 15 per cent increase in crude prices, and the refinery has absorbed about 50 per cent of the cost increases to maintain retail prices at N970 per litre across Nigeria. Dangote Petroleum Refinery has cl…

Leadership

Sam Nda-Isaiah

Abuja

Municipal Area Coun

Federal Capital Territory

Petrol Ex-depot Price Hike: Dangote Refinery Absorbs Logistics Costs For Nationwide Uniform Pricing

Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria's state oil firm, Nigerian National Petroleum Company (NNPC), marking the first time in decades Africa’s largest oil producer is refining its own crude. The state-of-the-art $20.5 billion refinery was launched in January 2024, but only began producing gasoline in Septembe…

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How Nigeria’s $20B Refinery Disrupts European Markets

Why We Increased Fuel Price – Dangote Refinery

Newtelegraph

Tribune Online Our partners’ filling stations to sell petrol at N970/litre, Dangote tells Nigerians Dangote Refinery has announced that Premium Motor Spirit (PMS) will now be sold at a new price of N970 per litre at MRS Holdings, Ardova, Heyden, and other partnering companies. This was disclosed in a statement issued by Anthony Chiejina, the Group Chief Branding and Communications Officer, on Sunday. According to the statement, the company […] O…

Tribune Online

Our partners’ filling stations to sell petrol at N970/litre, Dangote tells Nigerians

Dangote Refinery has said it raised the price of its Premium Motor Spirit (Petrol) by five per cent to N950 per litre due to a rise in international crude oil prices. The refinery said the actual cost of its product should be around N1,200 per litre. The clarification on Sunday came in the wake of reports about its price review. In December, the company announced a price reduction. Following criticisms due to the reversal, Dangote Refinery said …

Nigeria: Dangote Refinery Speaks On Adjustments in Ex-Depot Price of Petrol

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