Fuel prices at filling stations linked to the Dangote Refinery have climbed above those offered by the state-owned Nigerian National Petroleum Company Limited (NNPCL) and several independent marketers.
Findings show that MRS stations in Abuja adjusted the pump price of Premium Motor Spirit (PMS) to N975 per litre, up from N875 previously charged within the city and surrounding areas. The N100 increase followed a rise in the refinery’s gantry price earlier in the week.
By comparison, petrol at MRS outlets is now about N15 per litre higher than prices at NNPCL stations and other marketers such as Ranoil, AA Rano, and Sharon.
Explaining the development, a manager at MRS who spoke anonymously told our correspondent, “It’s because of the hike in gantry price by Dangote Refinery attributed to rising crude oil prices over the escalation of hostilities in the Middle East.”
Meanwhile, global oil benchmarks also recorded gains. Brent crude rose to $80.75 per barrel, while West Texas Intermediate climbed to $73.78 per barrel as of Tuesday evening, reflecting increased pressure in international energy markets.
NNPCL and several other filling stations had similarly adjusted their prices after the refinery increased its gantry rate.
MRS filling station is owned by Idris Dantata, half-brother to Aliko Dangote, the president of Dangote Refinery.
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