The cost of goods and services across Nigeria is expected to rise further following a fresh increase in petrol prices after the Dangote Petroleum Refinery raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week.
Industry sources confirmed that the new pricing template has been communicated to marketers, following multiple adjustments earlier this month.
The latest revision marked the fourth consecutive price review in less than two weeks, highlighting mounting pressure in Nigeria’s downstream petroleum market amid global oil price volatility.
