Business
Dangote Refinery silently increases fuel price across Nigerian filling stations
Dangote Refinery’s retail price of Premium Motor Spirit, PMS, known as petrol, has risen to N950 per litre at MRS filling stations in Abuja.
This increase comes despite the refinery’s 650,000-barrel-per-day capacity, the nationwide Compressed Natural Gas, CNG truck distribution scheme, and the Naira for Crude initiative between the oil firm and the Nigerian government.
As of Tuesday, 14th October 2025, MRS filling stations in Abuja, owned by Aliko Dangote’s half-brother, Sayyu Dantata, dispensed petrol at N851 per litre at outlets in Kubwa and along the Lugbe Expressway.
However, on Wednesday, DAILY POST correspondents gathered that fuel prices at MRS filling stations had surged by N100 to N950 per litre.
The same price increase applies to other Dangote Refinery retail partners such as Ardova and Optima.
A manager at MRS, who spoke to DAILY POST on condition of anonymity, said the refinery’s wholesale price to marketers had risen in the last two days due to supply shortages.
“We had no choice. The N950 per litre we currently dispense is only slightly above the amount Dangote Refinery now charges us. It is no longer N850 per litre. The price has also gone up in Lagos and other cities,” the source said.
Meanwhile, DAILY POST reports that Dangote Refinery has yet to comment on the nationwide petrol price hike.
Recall that Dangote Refinery had previously assured Nigerians that its fuel distribution scheme would reduce pump prices; however, the recent development shows the reverse, as consumers now pay more for petrol.
Experts in the oil sector told DAILY POST that the refinery had halted gantry petrol loading in recent days, prioritising its last-mile distribution scheme due to a production shortfall.
The development comes weeks after the federal government, through the Nigerian National Petroleum Company Limited, NNPCL, renewed its Naira for Crude deal with the refinery.
Barely two days ago, NNPCL and other major filling stations also raised petrol prices to N955 per litre, up from between N905 and N920 in Abuja and its environs.
This was reportedly due to supply disruptions from Dangote Refinery, which led depot owners, including Ranoil, Matrix, AA Rano, and AYM Shafa, to increase their ex-depot prices to between N885 and N897 per litre in Lagos and Warri as of Tuesday.
Consequently, Nigerians now buy petrol across retail outlets nationwide for between N950 and N990 per litre, depending on location.
Business
News: Enugu Air Flight Crash Lands At Benin Airport [Video]
An aircraft belonging to Enugu Air has crashed at Benin City airport in Edo State.
The incident reportedly occurred on Thursday afternoon.
A video of the incident was shared on social media by an X user identified as @Oyindamola
“Enugu Air aircraft crash lands in Benin Airport this afternoon,” the X user wrote.
DAILY POST reports that the Enugu Air is owned and operated by the Enugu State government.
There’s was no official statement on the matter by the aviation authorities at the time of filing in this report.
Watch video.…For more, Complete your reading.
Breaking News
Breaking News: NNPCL Increases Fuel Price For 2nd Time In Two Days
The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS at its retail outlets for the second time in less than two days.
A market survey by DAILY POST showed that NNPCL raised its petrol price to N1,335 per litre on Wednesday from N1,270 per litre on Tuesday.
This means that the state-owned filling station increased its fuel price by N65 per litre.
The new price has been implemented at NNPCL filling stations in Wuse Zone 6 (Berger), Zone 4, and other outlets in Abuja and its environs.
Recall that on Tuesday, NNPCL increased its petrol pump price by N115 per litre to N1,270 per litre.
The latest increase comes amid continued petrol price volatility in the country’s downstream oil sector following Dangote Refinery’s resumption of the sale of refined petroleum products in U.S. dollars.
DAILY POST reports that crude oil prices rose by nearly 4 percent on Wednesday as airstrikes intensified in the Middle East.…For more, Complete your reading.
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