**Fresh Petrol Price Hike Hits Naija Market as Dangote Raises Gantry Price Again** In the latest development in Nigeria's energy sector, Dangote Refinery has increased its ex-depot petrol price to N995 per litre, marking a significant increase of N121. This new rate is effective immediately and is expected to have a ripple effect across the downstream petroleum sector. The price hike comes just days after Dangote Refinery raised its ex-depot price from N774 to N874 per litre, sparking a chain reaction in the fuel supply chain. Depot owners quickly increased their prices, affecting fuel marketers and end-users. This latest increase is closely linked to the surge in global crude oil prices, which has led to a significant rise in the cost of sourcing and replacing refined products. According to industry sources, the brief suspension of product loading at the refinery around 2:00 a.m. on Friday created uncertainty among fuel marketers, who had earlier secured supplies in anticipation of another price adjustment. This uncertainty has led to a new wave of price increases from depots, with some quoting prices close to N1,000 per litre for Premium Motor Spirit (PMS). The increase in global crude oil prices has been a major concern for the energy sector in Nigeria. Brent crude oil price has reached $93.26 per barrel, putting pressure on local refineries to adjust their prices. The impact of this price hike is expected to be felt across the industry, affecting fuel marketers, consumers, and the overall economy. As the energy sector in Nigeria continues to evolve, it remains to be seen how this latest price hike will affect the market. One thing is certain, however - the continued surge in global crude oil prices will likely lead to further price adjustments in the downstream petroleum sector.