Petrol to cost more as depot owners raise price to N950/litre

There is the probability that the Premium Motor Spirit, also known as petrol will cost more in the coming days, as depot owners have increased loading prices by about 4.74 per cent.

This follows the recent increase of crude oil prices, including Nigeria’s Bonny Light to $80 per barrel this week from $73 per barrel last week, Vanguard reported.

Already, some depots, including Swift Depot have increased their loading prices to N950 per litre from N907 per litre while Wosbab depot also increased its price to N950 per litre from N909 per litre.

Similarly, Sahara Depot increased its price to N950 per litre from N910 per litre while Shellplux, increased its loading price to N960 per litre from N908 per litre.

…More details to follow