Fuel Marketers Warn Petrol Price Could Hit 2,000 Naira Per Litre If Iran War Persists, As Dangote Refinery Hikes Petrol Price To N1,175 Per Naira Litre
Oladipupo Olamiposi@olamiposioladipupo247606
7 days ago
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN has warned that petrol price in Nigeria may rise to as high as N2,000 per litre if the Middle East war persists. ]
National President of the association, Billy Gillis-Harry, in a statement released today also said diesel price could rise to about N3,000 per litre if the current situation continues.
He consequently called on the Nigerian National Petroleum Company Limited to facilitate the immediate commencement of production at Nigeria’s local refineries, particularly the Area 5 plant at Port Harcourt refinery and the Warri refinery.
With no clear end to the conflict, Gillis-Harry emphasised that revamping Nigeria’s refineries for immediate domestic production is critical.
Meanwhile, the Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, and diesel to N1,620 per litre, marking the third upward adjustment within a week.
Speaking to journalists on condition of anonymity, a senior official of the refinery, confirmed the adjustment to, stating that the revision has already been communicated.
