October 31, 2024
Independent oil marketers have adjusted their prices to between N1,100 and N1,200 per litre, up from about N1,060 per litre, with variations depending on the location.
The new adjustment is a reflection of what Major oil marketers across Nigeria did raising the prices of petrol, from N1,010 to N1,050 per litre, marking a 4% increase in Lagos and surrounding areas.
The fact is that due to the deregulated market, petrol prices are no longer fixed, leading to slight price differential among filling stations, but some stations do sell at same price.