Depot owners increase fuel prices again
Depot owners have raised the ex-depot price of Premium Motor Spirit, PMS, popularly known as petrol, for the second time in less than a week. A market survey by PetroleumpriceNG showed that several depots raised their prices to between N1,300 and N1,310 per litre from between N1,265 and N1,275 per litre. Matrix Warri, Calabar and […] Depot owners increase fuel prices again
Depot owners in Nigeria have once again increased the ex-depot price of Premium Motor Spirit, commonly referred to as petrol, for the second time within a week. According to a market survey conducted by PetroleumpriceNG, several depots have raised their prices from N1,265 to N1,310 per litre. The Matrix Warri, Calabar, and Optima depots have increased their petrol prices to N1,300, N1,310, and N1,305 per litre, respectively, resulting in an increase of between N25 and N35 per litre.
This follows the depot owners' earlier price hike to between N1,265 and N1,275 per litre after Dangote Refinery raised its gantry price to N1,265 per litre. Retail prices for petrol are currently between N1,310 and N1,350 per litre in Abuja. Associations representing fuel marketers have urged the Federal Government to intervene in the latest fuel price increase.
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