Dangote Petroleum Refinery,has increased the price of Premium Motor Spirit (PMS), also known as petrol,on account of the rising global crude oil prices.
In a statement released on Friday, the refinery disclosed that the new bulk purchase rate for customers buying between 2 million and 4.99 million litres is now N955 per litre.
Bulk buyers purchasing 5 million litres or more will pay N950 per litre, the statement said.
According to the statement,the adjustment represents a 6.17% increase, equivalent to N55.5 per litre,compared to the discounted rate of N899.50 per litre offered during December 2024’s holiday period.
The new pricing structure will take effect at 5:30 PM today, impacting all unsold stock and pending orders,the statement added.