Adedokun Waliyu 
Dangote Petroleum Refinery has announced a price hike for Premium Motor Spirit (PMS), also known as petrol.
As of now, their refined products will be sold at N955 per litre at the loading gantry, which is a significant jump from the previous price of N899, the company announced on Friday.
Marketers buying between 2 and 4.99 million litres will pay N955/litre, while those purchasing 5 million litres or more will receive a slight discount at N950/litre. This adjustment represents a 6.17% increase, adding N55.5 per litre to the previous discounted rate of N899.50/litre, which was a promotional offer during the December holiday season.
The price increase will be applied to all remaining inventory as of the effective time, and any pending stock will also be repriced according to the new rates.
The revised pricing structure is set to take effect at 5:30 pm on Friday, January 17, 2025.
