Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS) for the third time in a week, raising the gantry price from N995 to N1,175 per litre, a jump of N180 or roughly 18.1 per cent in three days.

The refinery announced the latest adjustment to marketers on Monday, citing operational and market considerations. This follows a previous increase from N874 per litre to N995 over the weekend, which had already pushed pump prices above N1,000 nationwide.

In addition, the refinery revised the gantry price of Automotive Gas Oil (diesel) to N1,620 per litre.

The repeated price hikes are expected to further impact transportation costs and consumer prices across the country.