Petroleum product marketers, since on Sunday, have raised their pump prices for petrol to N900/litre and above despite a decline in the cost of crude oil since, sparking fresh worries across the country.
Some retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) raised petrol prices to N900 per litre in Lagos and Ogun states, even as crude prices dropped from nearly $69 to $66 per barrel.
Dangote refinery partners, including Ardova and Heyden, jerked prices above N900 per litre.
Reports said that AP, a partner of the Dangote refinery, sold petrol at the rate of N925 per litre in the Mowe area of Ogun State, while Heyden offered N910.
The report said that filling stations on the Lagos-Ibadan Expressway displayed different prices on Monday, confirming a new price regime despite no significant rise in crude prices or the naira-dollar exchange rate.
But marketers said that the prices might come down this same week.
Throughout last week, petrol was sold below N900 in many of the filling stations in Lagos, Ogun and environs, while the prices were higher in the South-East, South-South and the North.
As of Monday, TotalEnergies sold petrol at N910 while Asharami offered N905 per litre. NIPCO and Fatgbems were yet to hit the N900 line on Monday, selling petrol at N890 and N892 respectively. Enyo sold the product at N915 per litre.
* Media Report