Dangote Petroleum Refinery increased its gantry price to N995 per litre on Friday, up from N874 earlier in the week and N774 before that—a nearly 29% jump tied to Brent crude topping $85 per barrel. Global factors like the US-Iran conflict, refinery shutdowns, and China's export halt have driven up crude and supply costs, forcing the hikes despite Dangote absorbing some increases and prioritizing local sales. Public views divide between concerns over rising transport and food prices and thanks for steady supply without queues, as analysts eye potential government steps on crude allocation.
No comments:
Post a Comment