Dangote Refinery has announced a price hike, with petrol now selling at ₦1,275 per litre, up by ₦75, and diesel at ₦1,950 per litre, up by ₦200. This increase is attributed to global oil price volatility and tensions in the Middle East, affecting crude oil supply.
The new prices represent a 5.02% increase for petrol and a significant jump for diesel, pushing it closer to the ₦2,000 mark. Experts warn this may lead to higher transportation and production costs, impacting consumers and businesses nationwide.
