By Our Correspondent
National News – Petrol prices across Nigeria are expected to rise to about N1,332 per litre after a fresh price increase from the Dangote Petroleum Refinery, triggering a new pricing template from MRS Oil Nigeria Plc.
The move signals another major adjustment in the country’s fuel market and could push pump prices higher at filling stations nationwide.
In a notice issued to dealers, MRS Oil Nigeria Plc announced a revised retail price of N1,332 per litre, with company delivery set at N1,290 per litre and self-collection priced at N1,282 per litre.
The firm also encouraged marketers to place orders through its portal, noting that the minimum quantity for company delivery is 50,000 litres.
All product loading for the supply will be done at the Dangote refinery, highlighting the refinery’s increasing influence in Nigeria’s petroleum distribution network.
The adjustment follows another increase in the refinery’s ex-depot petrol price, which climbed to N1,275 per litre after multiple revisions within the month.
Industry data shows this is the fifth petrol price adjustment in March, reflecting strong pressure from international oil market volatility and rising logistics costs.
At the beginning of March, the refinery’s gantry price stood at N774 per litre, but successive increases pushed it to N874, N1,050, N1,175, N1,245, and now N1,275 per litre.
This represents a cumulative jump of about N501 per litre, equivalent to roughly 64.7 percent growth in less than three weeks.
The refinery also revised its coastal fuel price from N1,512,648 per metric tonne to N1,646,748, an increase of about N134,100.
Analysts say the adjustment reflects global supply disruptions and strong demand for refined products.
Energy market watchers warn that the latest increase could trigger a fresh surge in transport fares, food prices, and logistics costs across Nigeria.
Consumers are therefore expected to feel the impact almost immediately as marketers begin implementing the new pump price.
Meanwhile, the Dangote refinery has also increased the price of Automotive Gas Oil (diesel) to N1,750 per litre, further adding to concerns about rising operational costs for businesses and transport operators.
