Nigeria Faces Petrol Price Surge as Dangote Refinery Struggles

Petrol prices in Nigeria are set to rise to N900 per liter as Dangote Refinery faces supply challenges, leading to increased depot prices. The surge in prices is attributed to supply constraints, including the recent surge in global oil prices due to geopolitical tensions.

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) suspended its industrial action against Dangote Refinery, which had triggered mass layoffs. This disruption in the supply chain has resulted in scarcity and price hikes for petroleum products, particularly petrol and liquefied petroleum gas (LPG).