**Dangote Refinery Increases Petrol Price, Again, Amid Rising Global Oil Tensions** The Dangote Petroleum Refinery has raised the price of petrol at its gantries by N121, taking the ex-depot rate from N874 to N995 per litre. This latest increase comes amidst heightened global oil market volatility, fueled by the ongoing conflict between the United States and Iran. According to a top official of the refinery, the new price reflects the current cost of crude oil being imported by the company. The official pointed out that coastal delivery costs N948 per litre, while the price at the gantry is N995. This increase has been passed on to consumers, with major filling stations in Abuja revising their pump prices upwards. Our investigation revealed that most filling stations in Abuja are now selling petrol at N1,100 per litre, a significant jump from the previous prices. Conoil and NNPC filling stations along Airport Road in Lugbe are selling petrol at N1,080 and N1,081 per litre, respectively, while Sharon filling stations are selling at N1,080 per litre. The Dangote refinery official attributed the situation to the ongoing conflict and its impact on global crude oil prices. The official noted that, despite the price increase, the situation is still better than it would have been without the emergence of the refinery. Analysts have forecast that global crude oil prices could rise further to $100 and above per barrel if the conflict escalates. The Strait of Hormuz, a critical global shipping route, is experiencing disruptions, affecting crude shipments. Brent Crude oil prices have skyrocketed by 7.90 per cent in the past 24 hours, trading at $87.44 per barrel. This development has significant implications for Nigeria, where oil is a major export commodity and a significant source of government revenue. The increase in petrol price is likely to have a ripple effect on the Nigerian economy, particularly at a time when the country is grappling with high inflation and economic challenges. As the situation continues to unfold, Nigerians can expect further price adjustments, pending a resolution to the global oil market tensions.