Nigeria, March 8 -- The Dangote Petroleum Refinery has increased its petrol gantry price by N121, raising the ex-depot rate from N874 to N995 per litre amid lingering volatility in global crude oil markets.

A top official of the refinery confirmed the price adjustment to PREMIUM TIMES on Sunday afternoon, stating that the change reflects the cost of crude currently being imported by the company amid the continuous escalation of the United States-Israel war with Iran.

"Coastal delivery is N948, while gantry is N995," the official told this reporter in an interview, justifying the reason for the increase.

Following the adjustment, major filling stations in Abuja quickly revised their pump prices. A survey of filling stations in the city ...