Petrol Prices Rise to N900/Litre Despite Drop in Crude Oil Costs

Petrol Prices Rise to N900/Litre Despite Drop in Crude Oil Costs

Petrol prices have surged to N900 per liter and above in Nigeria, despite a decline in crude oil costs. This increase has been observed across various filling stations, including those owned by the Nigerian National Petroleum Company Limited (NNPC).

Current Petrol Prices

Dangote Refinery Partners:
AP: N925 per liter in Mowe, Ogun State
– Heyden: N910 per liter
– Ardova: above N900 per liter
Other Filling Stations:

– TotalEnergies: N910 per liter
– Asharami: N905 per liter
– NIPCO: N890 per liter
– Fatgbems: N892 per liter
– Enyo: N915 per liter

Depot Prices

Aiteo: N850 per liter
Sobaz and Mainland: N870 per liter
NIPCO Lagos: N852 per liter
Northwest: N860 per liter
Alkanes: N860 per liter
Ever:  N863 per liter
TSL: N864 per liter
Pinnacle: N851.5 per liter
Menj: N852 per liter
Sahara: N855 per liter  Marketers predict that prices might decrease later in the week due to the recent drop in crude oil prices. The Dangote Refinery recently raised its ex-depot petrol price to N850 from N820, citing no specific reason for the increase.