Abuja filling stations increase petrol pump prices
Many filling stations across the Federal Capital Territory (FCT) have increased the pump price of Premium Motor Spirit (PMS), popularly known as petrol. The development came despite a decline in international crude oil prices from $92 per barrel to $87.31 per barrel. Brent crude stood at $88.10 per barrel, down 0.47 per cent, while West […]
Filling stations in the Federal Capital Territory (FCT) have raised the price of petrol, despite a decrease in international crude oil prices. Brent crude fell to $88.10 per barrel, while WTI declined to $83.40 per barrel. Dangote Refinery increased its gantry price from N1,165 to N1,265 per litre, leading to a corresponding rise in pump prices across the FCT.
Filling stations such as AY Shafa, Optima, and NNPC adjusted their prices, with motorists now paying between N1,270 and N1,300 per litre. An economist raised concerns over the financial burden on households due to the escalating fuel prices. The head of the Independent Petroleum Marketers Association of Nigeria explained that marketers had to adjust their prices following Dangote Refinery's price changes, creating uncertainty for both marketers and consumers.
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- Abuja filling stations increase petrol pump prices dailytrust.com
