Dangote Refinery Raises Petrol Prices by N100, Sparks Outrage

Dangote Refinery, Nigeria's largest crude oil processor, has increased petrol prices by N100 per liter at its retail partners like Ardova and Optima stations. This move has led to public outrage and confusion, especially after the refinery had promised to stabilize pump prices.

The sudden price hike, witnessed at filling stations in Abuja, Lagos, and Kano, reflects supply constraints and challenges in the fuel supply chain. Major depot owners have also raised ex-depot prices, indicating deeper issues in Nigeria's oil and gas sector.