**Fuel Price Hike Looms: Dangote Refinery Raises Premium Motor Spirit to N875 per Litre** In a move that may send shockwaves through the Nigerian economy, the Dangote Petroleum Refinery has announced a significant increase in the price of Premium Motor Spirit (PMS) at its gantries. The ex-depot price, which serves as the benchmark for fuel prices across the country, has risen by N101, from N774 to N875 per litre. This development has raised concerns among Nigerians about the possibility of a fresh round of fuel price hikes. With this price adjustment, the cost of fuel at Dangote's gantries has increased by nearly 13%. This is coming at a time when the country is still grappling with the challenges of fuel scarcity and distribution. The hike is also a reflection of the volatility in the global oil market, which has been affected by various factors including the Russia-Ukraine conflict, OPEC+ production cuts, and increased demand for petroleum products. The implications of this price hike are far-reaching, and its impact will be felt across various sectors of the economy. With the country's fuel price already among the highest in Africa, this increase will further exacerbate the economic burden on Nigerians. It may also have a ripple effect on inflation, as businesses and individuals may be forced to pass on the cost of higher fuel prices to consumers. Furthermore, the hike may further strain the government's finances, which are already under pressure from the ongoing economic challenges. It remains to be seen how the government will respond to this development, but one thing is certain: this price hike will have a significant impact on the lives of Nigerians. As the country continues to grapple with economic challenges, the need for sustainable and reliable fuel pricing mechanisms has never been more pressing. Nigerians will be watching closely as the situation unfolds, eager to see how the government will navigate this complex issue and mitigate the effects of the price hike on the economy.