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 TimesNow.com.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 TimesNow.com.ng that he paid N1,150 per litre.
He said:
Femi Adeyemi, another frustrated motorist, added:
Another motorist, Innocent Unah, confirmed the changes.
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 follow:
A previous report by TimesNow.com.ng stated that independent markers are willing to patronise Dangote refinery following the alarm by its owner.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked the mega refinery to consider direct petrol sales to its members, citing delays and outstanding payments from NNPC.
In a similar report, the marketers insist that the mega refinery should sell the product at a reduced rate to attract their patronage.
Dailytrust reports that many marketers who spoke anonymously said Dangote’s price is higher than that of imported products, discouraging them from buying it.
According to the report, many marketers landed the product at N970 per litre, while the $20 billion refinery sells for N977, leaving a margin of N77.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
