**Dangote Refinery Raises Petrol Price Amid Escalating Middle East Crisis** Dangote Petroleum Refinery has increased the price of Premium Motor Spirit, also known as petrol, following the escalating crisis in the Middle East. The refinery's ex-depot price has been raised from N1,175 per litre to N1,245 per litre, effective immediately. This price hike is a direct result of the ongoing conflict in the region, which has disrupted global oil supplies and contributed to increased costs for refineries. According to a notice sent to marketers on Friday night, the refinery cited the need to pass on the additional costs to consumers. The new ex-depot price of N1,245 per litre represents a N70 increase from the previous price of N1,175 per litre. This move is likely to impact consumers across the country, as the price of petrol is often passed on to end-users. The escalation of the Middle East crisis has had far-reaching consequences for the global oil market. The conflict has led to a significant increase in oil prices, which has, in turn, driven up the costs for refineries. Dangote Petroleum Refinery, one of the largest oil refineries in Africa, has been forced to adjust its pricing to reflect the increased costs. In a statement, the refinery acknowledged the impact of the price hike on consumers, but emphasized the need to maintain the viability of the business. "We understand that this price increase will have a significant impact on our customers, but we must ensure that we can continue to operate efficiently and effectively," said a spokesperson for the refinery. The new price of N1,245 per litre is effective immediately and will be reflected in the prices charged by marketers and retailers across the country. The impact of the price hike will be felt by consumers, who may see an increase in the cost of petrol at the pump. As the situation in the Middle East continues to unfold, it remains to be seen how the global oil market will respond and whether further price increases are on the horizon.