BREAKING: Dangote Refinery Hikes Petrol Price To N1,175

Dangote Refinery has increased the price of petrol to N1,175 per litre, marking the third price hike within a week.

The latest adjustment is expected to push pump prices higher across Nigeria as marketers factor in additional distribution and operational costs.

Industry observers say the repeated increases could further raise transportation fares and the cost of goods and services, worsening the cost-of-living challenges faced by many Nigerians.

The refinery’s price changes are seen as a major influence on the country’s fuel market, given its growing role in domestic petroleum supply.

Consumers and businesses are now bracing for the impact of the new price, as concerns mount over inflation and economic pressure on households.

Analysts say the situation may also lead to adjustments in retail prices at filling stations in the coming days.