Dangote Petroleum Refinery has unveiled a new pricing structure for Premium Motor Spirit (PMS), also known as petrol, marking a 6.17% price increase.
In a notice released on Friday titled “Communication on PMS Price Review,” the refinery stated that bulk buyers purchasing between 2 million and 4.99 million litres will now pay N955 per litre, while those buying 5 million litres or more will be charged N950 per litre.
This price hike, effective from 5:30 PM on Friday, comes as a response to rising global oil prices and reflects an increase of N55.5 per litre from the N899.50 per litre offered during December 2024’s holiday period.
The new rates will apply to all unsold stock balances and pending orders.
