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Senator Shehu Sani has expressed disappointment over the rising price of petrol despite expectations that the Dangote refinery would lower costs.
In a post shared on X (formerly Twitter) on Saturday, the former lawmaker stated, “The expectation was that Dangote Refinery will crash the price of petrol; the news that it’s increasing is baffling.”
This follows an announcement by Dangote Petroleum Refinery confirming a price increase for Premium Motor Spirit (PMS). The refinery now sells PMS at N955 per litre for customers purchasing 2 to 4.99 million litres and N950 per litre for purchases of 5 million litres or more.
This price adjustment reflects a 6.17% increase, or N55.5 per litre, compared to the discounted rate of N899.50 per litre offered during December 2024’s holiday period.
The adjustment has led to a retail price hike, with petrol now selling for between N1,030 and N1,050 per litre across various outlets.
The price increase has sparked public outcry, as many Nigerians hoped that the refinery would reduce fuel prices and ease the burden on citizens.