By Desire Emmanuel
Nigerians will from midnight of March 21 pay more for petrol as Dangote Refinery has notified customers of a price adjustment for Premium Motor Spirit (PMS).
The refinery has therefore raised the gantry price from ₦1,175 to ₦1,245 per litre, an increase of ₦70 per litre.
With the increase in gantry price by Dangote, many filling stations will likely sell petrol for N1,300 per litre or more.
The revised rate will take effect from midnight of March 21 and will apply to all outstanding and unloaded volumes.
Additionally, the refinery increased its coastal supply price from ₦1,512,648 to ₦1,606,518 per metric tonne. The adjustment was attributed to the persisting global geopolitical tensions.
The refinery clarified that customers holding valid Bank Guarantees may continue loading under their current arrangements, provided they settle the price difference. All such differential payments must be completed by March 23, it said.
