NNPC Increases Petrol Price Again; New Prices Emerge
NNPC Increases Petrol Price Again; New Prices Emerge
These are tough times for Nigerians as filling stations across the country increase petrol price for the second time in just four days.
A market survey on Saturday, March 7 showed that Premium Motor Spirit (PMS), commonly known as petrol, was selling above N1,000 per litre at several retail outlets across the Lagos mainland and island, prompting motorists to rush to stations offering relatively lower prices.
New petrol prices emerge Stations operated by MRS Oil Nigeria Plc were selling petrol at about N1,030 per litre, while Nigerian National Petroleum Company Limited retail stations had pump prices around N1,050 per litre up from previous rate of N932 in Lagos.
See also $51 oil benchmark okay for 2018 budget, say experts
Stations under Hyde Energy were selling at approximately N1,035 per litre. Other marketers also adjusted their pump prices.
Stations operated by Eterna Plc increased prices to about N1,040 per litre, while North West Petroleum & Gas Company Limited and Fatgbems Petroleum Company Limited raised prices to around N1,030 per litre
Retail outlets under the Mobil brand sold slightly lower at about N1,025 per litre, BusinessDay reports. However, other NNPC stations in Iwaya, Bariga, and parts of Ikoyi were dispensing petrol at N1,050 per litre as of midday.
