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Petrol depot prices climbed across Lagos, Warri and Calabar as several marketers raised ex-depot loading costsBulk Strategic in Warri recorded the steepest single increase, adjusting its price by N87 per litreIndustry operators warn that sustained depot price hikes could eventually push retail pump prices higher
Petrol prices at major depots across Nigeria have moved upward, with marketers in Lagos, Warri and Calabar raising their ex-depot Premium Motor Spirit (PMS) rates by between N2 and N87 per litre, adding fresh pressure to the downstream oil sector.
The latest depot loading data shows that most marketers reviewed their prices upward, though a handful held existing rates and at least one reduced its price.
Fresh petrol price adjustments by oil marketers Photo: AFPSource: Getty Images
Lagos Depot Price Changes
Data from Petroluemprice.ng showed that in Lagos, A.A. Rano raised its ex-depot rate from N1,275 to N1,279 per litre, a N4 increase. African Terminal, Ascon, Gulf Treasure, Integrated and
