Due to the purported planned closure of Dangote Refinery’s petrol unit for maintenance and upgrades, a number of Nigerian petroleum product depot owners and marketers have raised their ex-depot petrol prices.
Major depot owners are now selling for about N800 per liter, up from between N740 and N780, according to a Saturday check. In contrast, Dangote and Aiteo sold N702 and N740 per liter, respectively, in Ranoil, Optima, AYM Shafa, and other depots.
The Dangote Refinery’s announced planned turnaround maintenance is connected to the most recent increase in ex-depot prices.
According to Platts (S&P Global), Devakumar Edwin, Vice President of Dangote Industries, gave the following explanation of the plan: “In most departments, our production levels have gone beyond 100 percent.” To increase overall output, we only need to remove limitations.
As of Saturday afternoon, retail petrol rates at Nigeria’s main filling stations ranged from N739 to N910 per liter.
Join Television Nigerian Whatsapp Now
Join Television Nigerian Facebook Now
Join Television Nigerian Twitter Now
Join Television Nigerian YouTUbe Now
