Nigerian Filling Stations Increase Fuel Prices Again
- On Monday, filling stations across the Federal Capital Territory increased Premium Motor Spirit pump prices to between N1,310 and N1,320 per litre, up from N1,230 to N1,299 per litre.
- Dangote Refinery raised its ex-depot price by N65 per litre to N1,265 last weekend, prompting the widespread retail price adjustments across the territory.
- Chinedu Ukadike of the Independent Petroleum Marketers Association of Nigeria stated marketers raised prices to cover replacement costs, with MRS increasing by N80, Ranoil by N45, and Empire Energy by N25 per litre.
- Economist Samson Ogunjimi expressed concern over the financial pressure caused by rising fuel prices, calling on the Federal Government to urgently intervene by stabilizing fuel costs.
- The Dangote Refinery, holding a 57 per cent share of the fuel supply market, recently threatened to halt petrol sales to importers and marketers amid disputes over import licenses.
14 Articles
14 Articles
Nigerian filling stations increase fuel prices again
Nigerian filling stations have significantly increased their Premium Motor Spirit, PMS pump prices. A market survey by DAILY POST on Monday showed that MRS, Ranoil, Empire Energy and other filling stations increased their petrol pump prices to between N1,310 and N1,320 per litre, from N1,230 and N1,299 per litre. This means that Nigerian filling stations […] Nigerian filling stations increase fuel prices again
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 in spite of a decline in international crude oil prices from 92 dollars barrel to 87.31 dollars per barrel. Brent crude stood at 88.10 dollars per barrel, down 0.47 per cent, while West Texas Intermediate (WTI) fell 0.16 per cent to 83.40 dollars per barrel. Dangote Refinery…
Petrol near N1,400 as Dangote defends price hikes - OGUN STATE TELEVISION
The Dangote Petroleum Refinery has defended its latest fuel price increases, attributing the upward adjustments to the cost of crude oil purchased earlier and the lengthy process involved in securing,… The post Petrol near N1,400 as Dangote defends price hikes appeared first on OGUN STATE TELEVISION.
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