Petrol marketers across Lagos have increased pump prices to between N925 and N935 per litre, citing rising landing costs, supply constraints, and currency-related policy delays.
The price hike follows the decision by Dangote Refinery to stop selling petrol in naira and ongoing negotiations over the naira-for-crude policy.
Last Monday, the landing cost of petrol jumped to N843.28 per litre from N797 per litre recorded a fortnight earlier, adding N46 per litre to the cost. Major filling stations such as TotalEnergies and MRS adjusted their pump prices to N935 and N925 per litre, respectively.
The price hike follows the decision by Dangote Refinery to stop selling petrol in naira and ongoing negotiations over the naira-for-crude policy.
Last Monday, the landing cost of petrol jumped to N843.28 per litre from N797 per litre recorded a fortnight earlier, adding N46 per litre to the cost. Major filling stations such as TotalEnergies and MRS adjusted their pump prices to N935 and N925 per litre, respectively.
