Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS) at its gantry by N85 per litre, raising the wholesale price from N1,265 to N1,350. The 6.7 per cent increase comes amid a sharp rise in international crude oil prices and higher petroleum product replacement costs. According to petroleumprice.ng, the current PMS landing cost has risen to N1,311 per litre, meaning Dangote Refinery's new ex-gantry price is now above the prevailing landing-cost benchmark. The increase is expected to intensify pressure on downstream operators and could trigger further adjustments in petrol prices across the market.
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