Dangote Refinery has reversed course on fuel pricing. The facility won't implement the N75 per liter increase it announced Wednesday.
Instead, petrol will stay at N1,275 per liter, not the N1,350 initially proposed. This marks a significant policy shift within hours of the announcement.
DAILY POST reported the refinery had hiked prices Wednesday morning. That increase was the third adjustment the facility made within seven days.
Industry analysts blame Middle East tensions for recent price movements. Conflict between the United States, Israel, and Iran has pressured global crude costs upward.
