JUST IN: Again, Filling Stations Increase Petrol Price (See New Price)

Filling stations nationwide have once again raised the pump price of Premium Motor Spirit, commonly known as petrol.

This adjustment follows reports that oil marketers are preparing to source petrol from Dangote refinery.

Checks by Legit.ng showed that various filling stations in Lagos no longer sell fuel below N1,100 per litre compared to the previous prices of N1,050 and N1,060.

Some filling stations sell as high as N1,250, while the black market sells at N1,300.

At a filling station in Ikotun, a motorist, Chinedu Eze, told Legit.ng that he paid N1,150 per litre.

He said: “Fuel prices keep going up, I am tired.” Femi Adeyemi, another frustrated motorist, added: “Look around; it’s empty. People can’t afford fuel anymore, even though we have a refinery and produce crude.”

Another motorist, Innocent Unah, confirmed the changes.

“Yesterday, at the same filling station where I paid N1,070 per litre, today it is N1,110 per litre. It’s really not funny anymore. When did fuel start behaving like the naira exchange rate?”

Vanguard also reported that pump prices at filling stations now range between N1,100 and N1,200 per litre, up from around N1,060, and vary by location.

The report gave the prices as follows:

• Conoil: N1,109 per litre
• TotalEnergies: N1,109 per litre
• NIPCO: N1,115 per litre
• Ardova Plc: N1,125 per litre
• Most independent marketers: Between N1,150 and N1,230 per litre

Only NNPC limited filling station sells fuel below N1,100 per litre.