Dangote Refinery-backed MRS and several other filling stations across Nigeria have increased petrol pump prices less than 24 hours after the refinery raised its gantry price.
The 650,000-barrel-per-day Dangote Refinery on Friday announced a N70 increase, pushing its gantry price to N1,245 per liter.
Checks on Saturday in Abuja and surrounding areas showed that MRS filling stations adjusted their pump price by N100, selling petrol at N1,367 per liter, up from N1,267. Other marketers, including Ranoil, Empire Energy, and AA Rano, also raised their prices to N1,440, N1,430, and N1,370 per liter, respectively.
A manager at an MRS outlet, who spoke on condition of anonymity, confirmed the adjustment in a telephone interview.
“MRS filling stations now sell at N1,367 per liter, an N100 increase from N1,267. This is because of Dangote Refinery’s latest gantry petrol price increment,” the manager said.
The latest adjustments mean petrol is now sold between N1,367 and N1,440 per liter at many retail outlets. However, stations operated by the Nigerian National Petroleum Company Limited have maintained a lower price of N1,261 per liter.
Earlier reports indicated that the refinery’s latest hike—its fourth in March—could further strain consumers, especially as it accounts for about 61 percent of Nigeria’s domestic petrol supply, according to February data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
The increase in domestic fuel prices is also linked to rising global crude oil prices, which climbed above $110 per barrel amid escalating tensions involving Iran, the United States, and Israel, with broader implications for global economies.
