Dangote Petroleum Refinery and Petrochemicals has announced an increase in the ex-gantry price of petrol, that is, the price of loading at the refinery.

 The Refinery raised the product price from 699 naira per litre to 799 naira per litre, hence, its partner retail outlet, MRS, will sell at 839 naira per litre.

The firm also reaffirmed its commitment to market stability and uninterrupted nationwide supply of petrol, however, it explained in a statement that the facility implemented a deliberate and temporary price support intervention during the festive period to cushion the effect of heightened household spending on Nigerians.

It added that with the festive period over, petrol prices have been modestly realigned to sustainable levels to support long term market stability and affordability.

The Chief Executive Officer, Dangote Petroleum Refinery, David Bird, stated that the Refinery continues to supply the domestic market with approximately 50 million litres of petrol daily.

‎