Dangote Petroleum Refinery has increased the ex-depot prices of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) following a sharp rise in global crude oil prices.
Data shows that Brent crude climbed from $105 per barrel on Monday to $118 on Wednesday, and further to $125 per barrel as of the time of filing this report.
In response, the refinery raised its petrol gantry price from ₦1,200 to ₦1,275 per litre, while coastal supply prices increased to ₦1,215 per litre, according to figures obtained from Petroleumprice.ng.
Diesel prices were also adjusted upward to ₦1,800 per litre, from ₦1,750.
Sources indicated that the refinery has suspended loading operations, with the halt in diesel allocations to marketers taking effect around midnight on Wednesday, alongside the stoppage of Proforma Invoice issuance.
Market checks showed that depots across the country adjusted prices upward during late trading on Wednesday.
In Lagos, Swift and Duport depots sold diesel at ₦1,980 per litre, while TMDK depot sold at ₦1,950.
In other locations, Northwest depot in Calabar sold at ₦1,985 per litre, First Fortune depot in Warri at ₦1,950, and Matrix depot in Port Harcourt at ₦2,050 per litre.
