Dangote Refinery Hikes Diesel Price

Secret Takeaways

• Dangote Refinery raised its gantry cost for Automotive Gas Oil by 100 per litre, moving diesel from 1,700 to 1,800.
• The walking came 3 days after Dangote Refinery cut diesel by 80, dropping the gantry rate from 1,780 to 1,700.
• Depot operators offered diesel at about 1,905 per litre on Saturday, while Abuja list prices remained around 1,960 to 1,980 per litre.

Diesel purchasers might deal with greater expenses as Dangote Refinery has actually raised its gantry rate of Automotive Gas Oil (AGO) by 100 per litre, simply days after decreasing the rate.

According to Daily Post, a study on Saturday revealed that the refinery increased its diesel cost from 1,700 to 1,800 per litre.

Naija News reports that the most recent modification reverses part of the 80 decrease the refinery revealed 3 days previously, when the cost dropped from 1,780 to 1,700 per litre.

Regardless of the boost, Dangote Refinery’s diesel stayed more affordable than materials from numerous depot owners.

Pivot, African Terminal, Integrated and other depot operators were offering diesel at 1,905 per litre since Saturday, leaving the refinery’s cost 105 lower.

The most current boost might put additional pressure on retail diesel costs in Abuja and neighbouring locations, where the item was offering in between 1,960 and 1,980 per litre.

The advancement comes in the middle of high petroleum rates in the global market.

According to the report, Brent crude was costing $104 per barrel, while West Texas Intermediate (WTI) stood at $91 per barrel since the time of filing this report.