Filling stations across the Lagos metropolis Saturday morning responded to the hike in the ex- depot price of Premium Motor Spirit(PMS), otherwise called petrol by Dangote Refinery late Friday.
The Dangote Refinery on Friday adjusted it’s ex- depot petrol price from N825 per litre to N880, representing an increase of N55 per litre.
In a swift reaction to the increase, members of the Major Energy Marketers Association of Nigeria(MEMAN), Independent Marketers Association of Nigeria(IPMAN), NNPC Retail outlets and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have all responded by adjusting their meters.
Prior to the hike, NNPC retail outlets were selling at N870 per litre but by Saturday morning, prices have been adjusted to N910 per litre.
The same trend was equally followed by other marketers, including Dangote partners, which included MRS, Ardova, Heyden.
However, further tracking by on oil trading platform, petroleumprice.ng revealed that even at N880 per litre ex-depot price, Dangote was still the cheapest.
Other petrol ex-depot prices as published by the trading platform showed that Aiteo is selling at N893 per litre, Ever at N920 per litre, Bovas at N910 per litre, Rainoil at N920 per litre and WOSBAB also at N920 per litre.
