Nigeria Decides

Dangote Announces New Petrol Price

Dangote Petroleum Refinery has resumed loading petrol at its gantry in naira, reversing its earlier decision to sell the product in U.S. dollars.

The refinery has also announced a new ex-depot price of ₦1,215 per litre, representing a ₦140 increase from the previous price of ₦1,075 per litre.

Previously, the refinery had switched to dollar-denominated sales, fixing the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, at $0.779 per litre. That move effectively ended the naira pricing system introduced under the Federal Government’s naira-for-crude policy.

At the time, the refinery also revised the benchmark prices for diesel and aviation fuel, marking a significant change in its pricing strategy.

As Nigeria’s largest producer of refined petroleum products with a capacity of 650,000 barrels per day, the refinery’s pricing decisions have a major impact on the country’s deregulated downstream petroleum market.

The refinery has now abandoned the dollar sales model and returned to selling petrol to local marketers in naira.

Classmates Challenge! 📸

Here is Peter Obi in a group photograph with his classmates in 1977.

Now, ask your preferred presidential candidate to share a similar photo with their classmates from their school days.

Is it true that Tinubu is a A YAHOO, YAHOO PRESIDENT??

Na question I ask oooh 😮