Stella Dimoko Korkus.com: Dangote Refinery And Depot Owners Increase Fuel Price In Nigeria Due To Israel-Iran War

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Wednesday, June 18, 2025

Dangote Refinery And Depot Owners Increase Fuel Price In Nigeria Due To Israel-Iran War

Dangote Refinery and petroleum products depot owners have increased their ex-depot prices of premium motor spirit owing to the spike in global oil prices as Israel-Iran strikes entered day five on Tuesday.
Data from Petroleumprice.ng showed that Dangote Refinery’s petrol price rose to N840 from N825 as of Monday.




Also, Rainoil’s price surged to N900 from N850 per litre. Similarly, Fynefield and Mainland jerked their ex-depot prices to N930 and N920, adding N51 and N63, respectively.

Other prices showed that Sigmund was selling at N920 per litre; Matrix Warri’s price was N910; NIPCO increased to N895 from N827 last week, while Aiteo sold petrol at the rate of N840 per litre.

The development comes as crude oil prices maintained gains on Tuesday, as Brent and West Texas Intermediate futures stood at $75.63 and $74.03 per barrel, according to Oilprice.com.

Reacting, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, said the impact of global oil prices generally affects the price of PMS or any component of petroleum-refined products.

from dailypsot

15 comments:

  1. How the way take affect Nigeria biko?

    ReplyDelete
    Replies
    1. TripleC,

      Please don't comment if you are this uninformed.

      Delete
  2. How the war take affect Nigeria biko?

    ReplyDelete
  3. 🤣🤣🤣🤣 I knew it that they would use this to bill Nigerians 🤣🤣 even if the conflict is from a remote Island....One day na one day...

    ReplyDelete
    Replies
    1. Another illiterate @ Lora and saint elsewhere.

      Please stop this. A simple search in Google is all you need to be knowledgeable.

      Spend your screen time wisely. Thank you.

      Delete
    2. Triple C, Lora, Saint elsewhere and others like you,

      Please read excerpts below:

      "The escalation(Israel -iran)has raised fears of a widening conflict and turmoil in global energy markets. Iran is one of the top global producers of oil and gas and holds the world's second largest proven natural gas reserves and the third-largest crude oil reserves, according to the United States Energy Information Administration"

      Please keep yourselves informed beyond what you already know.

      Delete
    3. Anon my comment did not call for a self-description.....It is your type that is easily deceived so thanks for describing yourself....

      Delete
    4. No be this country? Not surprised.

      Delete
    5. Saint elsewhere,

      Deceived by what? I am confused.

      Please keep up to date and save yourself this embarrassment. We all don't know everything but information is at our fingertips these days.

      That is, for those who are willing to learn. Take care.

      Delete
  4. Was expected,one of the adverse effects of war
    Most especially from a major oil producer.

    ReplyDelete
  5. By next week the effect will start showing on most commodities.

    It is well!

    ReplyDelete
    Replies
    1. Tomorrow ke? It takes effect immediately, trust Nigerians nah, and what they can do.

      Delete
  6. When the elephants fight is the grass that suffers. But how Israel-Iran fight take affect the petroleum price?? They would have explained better.

    ReplyDelete

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