The pump price of Premium Motor Spirit (PMS) has risen to N1,430 per litre in Abuja and other parts of the Federal Capital Territory, following an N85 increase in Dangote Petroleum Refinery’s gantry price from N1,265 to N1,350 per litre. This adjustment, representing a 6.7 per cent increase, takes the refinery’s wholesale price above the current petrol landing cost of N1,311 per litre. The development comes amid a surge in global crude oil prices, with Brent crude trading at about $108.21 per barrel. Checks by the News Agency of Nigeria on Sunday showed that many filling stations across the FCT have continued to adjust their prices upward, a move that is expected to increase transportation costs and place additional financial burden on households in the coming weeks.
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