By Uzair Adam

Major oil marketers across Nigeria have increased the price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,010 to N1,050 per litre.

The Daily Reality gathered that the 4% increase is primarily noted in Lagos and nearby areas.

Meanwhile, independent marketers are adjusting their prices to range between N1,100 and N1,200 per litre, varying by location.

The recent hike reflects Nigeria’s deregulated oil market, where petrol prices are no longer fixed. Due to this flexibility, filling stations across the country show slight price differences, though some stations maintain similar rates.

Industry insiders say the adjustments are linked to the anticipated supply shift to the Dangote Refinery, which oil marketers expect will streamline distribution and potentially impact future prices.

ByAdmin

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