Petrol, formally known as Premium Motor Spirit, now sells for ₦1,370 per litre in Lagos, after fresh increases in depot prices at major supply locations.
Vanguard reported that on Tuesday, MRS and NNPC filling stations sold petrol at ₦1,360 per litre, while Mobil sold at ₦1,349.
Some independent marketers sold between ₦1,365 and ₦1,370 per litre, depending on their location.
The rise followed sharp changes in depot prices, especially in Lagos, where A.A. Rano increased its PMS price by ₦75 to ₦1,295 per litre.
African Terminal, Aiteo and Integrated also raised their prices to about ₦1,300 per litre.
NIPCO added ₦55 to its price, taking it to ₦1,305, while Dangote’s price edged up by ₦3 to ₦1,303.
MRS left its depot price unchanged at ₦1,310.
In Port Harcourt, Matrix raised its PMS price by ₦15 to ₦1,300 per litre, while Bulk Strategic, Masters and T.S.L kept theirs at ₦1,300.
Warri also saw increases, as A.Y.M. Shafa and Matrix each raised their prices by ₦17 to ₦1,300, while Parker went up by ₦15 to the same figure.
In Calabar, PMS prices were higher, with Fynefield and Northwest selling at ₦1,360 per litre.
Meanwhile, the price of Automotive Gas Oil (AGO), commonly called diesel, moved in different directions.
In Lagos, WOSBAB cut its AGO price by ₦21 to ₦1,809 per litre, while Bulk Strategic reduced its own by ₦15 to ₦1,835.
Rain Oil and Dangote also lowered their prices to ₦1,850 and ₦1,823 respectively.
In Warri, Matrix and Rain Oil each trimmed their AGO prices by ₦5 to ₦1,835 per litre, while Edo Refinery, NIPCO and Prudent held theirs at ₦1,840.
The latest figures point to continued volatility in the downstream market, as changes in depot prices filter through to retail outlets.
“To safeguard port integrity and vessel safety, all maritime operators, terminal users, and personnel must utilise authorised reporting protocols immediately upon detecting any security incident or anomaly,” the agency stated.
