Lagos, Nigeria — Dangote Refinery has once again increased the price of petrol, raising it to N1,245 per litre, sparking fresh concerns among consumers and businesses.
The latest hike marks another adjustment in fuel pricing by the refinery, which has been a major supplier of refined petroleum products in Nigeria. The increase is expected to have a ripple effect on transportation costs, food prices, and overall cost of living across the country.
Industry observers say the price change may be linked to fluctuations in global crude oil prices, exchange rate pressures, and operational costs. However, the refinery has yet to release an official statement explaining the reason for the latest adjustment.
The development has already triggered reactions from Nigerians, many of whom are grappling with rising inflation and economic hardship. Analysts warn that continued increases in petrol prices could further strain household incomes and business operations.