Depot owners increase fuel prices again

Depot owners person raised the ex-depot terms of Premium Motor Spirit, PMS, popularly known arsenic petrol, for the 2nd clip successful little than a week.

A marketplace survey by PetroleumpriceNG showed that respective depots raised their prices to betwixt N1,300 and N1,310 per litre from betwixt N1,265 and N1,275 per litre.

Matrix Warri, Calabar and Optima depots person adjusted their petrol prices upward to N1,300, N1,310 and N1,305 per litre, respectively.

This means that depot owners raised their petrol prices by betwixt N25 and N35 per litre.

DAILY POST reports that the bulk of depot owners had earlier hiked their petrol prices to betwixt N1,265 and N1,275 per litre aft Dangote Refinery accrued its gantry terms to N1,265 per litre.

At the clip of reporting, the retail terms of petrol stood betwixt N1,310 and N1,350 per litre crossed filling stations successful Abuja.

The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria, successful abstracted interviews with DAILY POST, called connected the Fed...