Connect with us

Hi, what are you looking for?

News

Breaking: Petrol Price Finally Raised Above N165 Per Litre

The price of petrol has finally been raised above N165 per litre across regions of the country, Daily Trust reports.

Although the product has been selling above N165 in some parts of the country, a new price regime was released on Tuesday.

Petrol marketers have said the Federal Government gave approval for the raise, but the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is yet to react to this.

Attempted to get a confirmation from the NMDPRA on Tuesday morning failed as spokesman of the agency, Mr Apollo Kimchi, did not respond to enquiries as at the time of filing this report.

According to the regional price list effective from Tuesday, the rate rose from N165 to N179 per litre in the south west, south south and southeast regions.

The price was raised to N184 in the north west and N189 in the north east being a N24 increase, the highest in the new adjustment.

Petrol will now sell at N179 in the north central region. Although the product will sell for N169 in Lagos, marketers will sell for N174 in Abuja.

There is also an upward adjustment in the ex-depot price in the Lagos axis from N148.17 to a range of N160 and 162.

Depot’s in Warri/Ogbarra have their rates adjusted to N162-N165 while Port Harcourt depots will sell for N165-167.

____

Follow us on Twitter at @thesignalng

Copyright 2022 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to  www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Related

News

Former chairman, Senate Committee on Local and Foreign Debts, Ifeanyi Ararume, has slammed a N100 billion suit on the President Muhammadu Buhari at a...

News

The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor...

News

The House of Representatives is probing the structure and accountability of the joint venture Businesses and Production Sharing Contracts of the NNPC in the...

News

The Federation Account Allocation Committee (FAAC) has asked the Nigerian National Petroleum Company (NNPC) to submit state-by-state consumption of Premium Motor Spirit (PMS), otherwise...

Copyright ©