Dangote Refinery Raises Petrol Price to ₦860/Litre Amid Global Oil Rally

Dangote Refinery has raised the price of petrol to ₦860 per liter amidst a global oil market rally. The price hike represents a significant jump from the previous rate of ₦840 per liter.

The increase comes as global oil prices surge, with Brent crude, WTI, and natural gas prices all rising. While the refinery has not officially announced the price hike, analysts attribute it to the soaring oil prices in the market.

This move by Dangote Refinery follows a similar increase by other depot owners, reflecting the impact of the global oil market trends on local fuel prices in Nigeria.