Petrol price rises to N1,370 per litre in Lagos as depot costs surge
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Petrol price rises to N1,370 per litre in Lagos as depot costs surge
Petrol price rises to N1,370 per litre in Lagos as depot costs surge
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, has climbed to N1,370 per litre in parts of Lagos following fresh increases in depot prices across major supply locations.
Checks on Tuesday showed that MRS and NNPC filling stations sold petrol at N1,360 per litre, while Mobil retailed the product at N1,349.
Independent marketers charged between N1,365 and N1,370, depending on location.
The latest increase was driven by fresh upward adjustments in depot prices, particularly in Lagos, where several major petroleum product marketers raised their rates.
A.A. Rano increased its petrol price by N75 to N1,295 per litre, while African Terminal, Aiteo and Integrated raised theirs to approximately N1,300 per litre.
Similarly, NIPCO adjusted its price upward by N55 to N1,305, while Dangote increased its rate marginally by N3 to N1,303. MRS, however, retained its depot price at N1,310 per litre.
In Port Harcourt, Matrix raised its petrol price by N15 to N1,300 per litre, while Bulk Strategic, Masters and T.S.L maintained their prices at the same level.
Warri also recorded fresh increases, as A.Y.M. Shafa and Matrix raised their prices by N17 each to N1,300 per litre, while Parker increased its rate by N15 to the same amount.
In Calabar, petrol prices were higher, with Fynefield and Northwest selling at N1,360 per litre.
Meanwhile, the diesel market recorded mixed price movements, with some depot operators reducing their rates.
In Lagos, WOSBAB reduced its Automotive Gas Oil (AGO) price by N21 to N1,809 per litre, while Bulk Strategic cut its price by N15 to N1,835.
Rain Oil and Dangote also lowered their diesel prices to N1,850 and N1,823 per litre, respectively.
In Warri, Matrix and Rain Oil reduced their AGO prices by N5 each to N1,835 per litre, while Edo Refinery, NIPCO and Prudent retained their prices at N1,840.