BREAKING: Dangote Petroleum jacks up ex-depot petrol price to N880

9jalead
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Aliko Dangote, chief executive officer of Dangote Group, gestures after signing a factory construction contract with Sinoma International Engineering Co. Ltd. in Lagos, Nigeria, on Wednesday, Aug. 26, 2015. Dangote Cement has expanded capacity five-fold in the last four years as the company invested outside its home market. Photographer: Tom Saater/Bloomberg

Dangote Petroleum Refinery, on Friday, increased its ex-depot price for Premium Motor Spirit to N880 per litre..…..For More READ THE FULL ARTICLE HERE ▶▶

The hike represents a N55 increase from the previous rate of N825 per litre.

This raises fresh concerns over fuel affordability and price volatility in the downstream sector.

Checks on petroleumprice.ng, a platform tracking daily product prices, as well as a Pro Forma Invoice by Saturday PUNCH, confirmed the increase..…..For More READ THE FULL ARTICLE HERE ▶▶

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