- There is a new fuel price at filling stations as marketers prepare to load petrol products from the refinery
- The federal government of Nigeria has approved direct purchases by independent marketers from Dangote
- The deregulated petroleum market means that market forces will now determine the pump price
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Filling stations nationwide have once again raised the pump price of Premium Motor Spirit, commonly known as petrol.
This adjustment follows reports that oil marketers are preparing to source petrol from Dangote refinery.
Checks by Legit.ng showed that various filling stations in Lagos no longer sell fuel below N1,100 per litre compared to the previous prices of N1,050 and N1,060.
Some filling stations sell as high as N1,250, while the black market …