₦airaland Forum

Dangote Petroleum Refinery and Petrochemicals Limited has denied reports of an increase in its petrol gantry price, insisting that its ex-depot price for Premium Motor Spirit (PMS) remains unchanged despite rising global crude oil prices and supply disruptions linked to tensions in the Middle East.

Dangote Petroleum Refinery and Petrochemicals Limited has denied claims that it increased the gantry price of petrol, stating that the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, remains unchanged.

In a statement issued on Wednesday, the refinery said it had not raised its petrol loading price and described reports circulating on social media, particularly on X, as false.

The company said maintaining its current pricing structure reflects its commitment to supporting stability in the domestic energy market and cushioning the broader economy from external shocks.

The clarification followed widespread claims that the refinery had increased its ex-depot price by N75, from N1,275 per litre to N1,350 per litre.

The speculation comes amid rising global crude oil prices triggered by escalating tensions in the Middle East.

Since the US-Israel attack on Iran on 28 February, which disrupted global crude supply through the Strait of Hormuz, crude oil prices have risen sharply, crossing the $100 per barrel mark.

The disruption has sent shockwaves across the global economy, with fuel prices rising significantly in several countries, including Nigeria.

As global crude prices continue to fluctuate, Dangote Refinery has adjusted its petrol prices several times in recent months.

Petrol, which sold for about N870 per litre before the Middle East crisis intensified, is now selling for N1,370 and above in major Nigerian cities.

Amid renewed speculation of another price increase, the refinery said it continues to absorb prevailing cost pressures to moderate inflationary risks, promote energy affordability, and ensure uninterrupted supply.

“Dangote Refinery reaffirmed its dedication to the steady supply of high-quality petroleum products to the Nigerian market, while supporting national objectives of price stability and energy security,” the statement said.

The company urged the public to rely solely on official statements from Dangote Petroleum Refinery and Petrochemicals Limited for accurate, up-to-date information on its operations and pricing.

https://www.premiumtimesng.com/business/business-news/877414-dangote-refinery-denies-increase-in-ex-depot-price-of-petrol.html

Nlfpmod

Normal stuff, deny first then implement it later

Something urgently needs to be done about fake news from Obidients.

Hmmmm na for we to be working from home like Covid ...

Some people will blame him

This fuel supposed don come down. Abi the war don taya dem

Iran and US are not fighting again so what's lifting fuel prices?

Now you know the system isn't designed to favour you. If you think because your in government, definitely you'll be out of government and your eye go follow see pepper

inoki247:
Hmmmm na for we to be working from home like Covid ...

Honestly, just my thoughts as you said.

My trans fares i4k per day.

PDPdestroyer:
Something urgently needs to be done about fake news from Obidients.

Thrash.

Where will I get the 20 characters from?

Brace up for another price increase soon!! Nah from clap we dey enta dance.

If Dangote like make cry petrol to five thousand naira 5,000. God is control.

If he like make he increase am to 2k still denying am,You see dangote ehn na the major set back monopolist of Africa and a cancer to Nigeria at large

Omo, see wetin this Trump cause. When will this end? 9 out of 10 car owners no dey gree use their AC again

What is there to deny are they not doing it every other day?

Hmmm after denying they will implement it tomorrow

Raregem9000:
Omo, see wetin this Trump cause. When will this end? 9 out of 10 car owners no dey gree use their AC again

Factory fitted AC does not affect fuel consumption.

R
High quality nonsense wey dey quick burn finish

dre11:
Dangote Petroleum Refinery and Petrochemicals Limited has denied reports of an increase in its petrol gantry price, insisting that its ex-depot price for Premium Motor Spirit (PMS) remains unchanged despite rising global crude oil prices and supply disruptions linked to tensions in the Middle East.





https://www.premiumtimesng.com/business/business-news/877414-dangote-refinery-denies-increase-in-ex-depot-price-of-petrol.html

There's just loads of unverified fake news out there online being reported by so-called credible media outlets such as Nigeriainfo 99.3. It was from this radio station's mobile app I first heard this fake news 2 days ago about the Dangote fuel price increase. FACT-CHECKS are needed always. Is it too difficult for those OAPs and so-called News Editors to understand the importance of FACT-CHECKS? Period.