oil marketers
Leading oil marketers in Nigeria have raised the price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,050 per litre, marking a 4% increase in Lagos and surrounding areas.
Independent marketers have adjusted their prices as well, now ranging from N1,100 to N1,200 per litre, up from around N1,060. The price variations depend on location, reflecting differing operational costs and supply factors.
An investigation by revealed that due to the deregulated market, petrol prices are not fixed, resulting in slight differences across filling stations, although many stations maintain similar pricing levels.
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