Marketers have started quoting new prices following an increase in the loading cost of Premium Motor Spirit, popularly known as petrol, and other refined petroleum products at the depots on Monday....Read Full Article >>➤
The prices of petrol and diesel at depots have risen by N43, or 4.74 per cent, driven by escalating crude oil prices. The cost of Brent, the global benchmark for crude oil, reached $79.76 per barrel on Sunday.
This rise in depot prices is anticipated to create a ripple effect, prompting filling stations nationwide to adjust their pump prices accordingly to reflect the increased costs of refined products.
As of Monday, numerous depots have raised their loading prices. Swift Depot upped its loading price to N950 per litre, up from N907 last Friday. Wosbab Depot followed suit, increasing its price to N950 from N909, while Sahara Depot raised its price to N950 from N910.
Other depots, such as Shellplux, Chipet Depot, and Nipco Depot, have also increased their loading costs. Shellplux adjusted its loading costs to N960 from N908. Chipet Depot has set its charge at N960 per litre, a rise from N908 last week. Nipco Depot raised its price by N38 from N912 to N950, while Matrix Warri Depot increased its cost from N925 per litre to N945. ...Read Full Article >>➤
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