The pump price of petrol in Abuja has climbed to as high as N1,430 per litre, as marketers adjust their prices following an increase in the ex-depot price by the Dangote Petroleum Refinery. The Dangote refinery raised its ex-depot, or gantry, price of Premium Motor Spirit (PMS) from N1,265 to N1,350 per litre, triggering a fresh round of pump price adjustments across major filling stations in the capital. Checks by LEADERSHIP on Sunday showed that stations were adjusting prices upward in line with the new benchmark. At MRS filling stations, petrol now sells for N1,395 per litre, up from N1,350. Mobil outlets have raised their pump price to N1,400 per litre, also from N1,350, while NIPCO stations recorded the steepest jump, selling at N1,430 per litre, up from N1,350. The latest price surge is attributed to a combination of rising global crude oil prices and foreign exchange pressures, with Brent crude, the international benchmark, trading above $100 per barrel in recent weeks.
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