Taiwo Popoola
Nigerian filling stations have significantly increased their premium motor spirit pump price after Dangote Refinery and petroleum products depot owners adjusted ex-depot prices upward.
Urban Express News Online gathered that Empire Energy and Ranoil filling stations in Abuja ana Lagos, and other parts of the states have hiked their petrol pump price.
Accordingly, Empire Energy and Ranoil filling stations increased their pump price to N935 and N970 per litre as of Saturday morning from N905 and N900, respectively, on Friday night.
In an interview with the spokesman of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said the latest petrol hike was due to an ex-depot increase by Dangote Refinery and depot owners in Nigeria.
“The supplying depots and Dangote Refinery have increased their ex-depot petrol prices.”
“As of Friday pricing, Dangote Refinery’s ex-depot price is N858 per litre, up from N820. Depot owners like NIPCO (N870), Aiteo (N855), and Ranoil (N855),” he told Urban Express News on Saturday.
He said the ex-depot price hike is due to the exchange rate and the price of crude oil in the global oil market.
