The price of petrol has finally been raised above N165 per litre across regions of the country.
REPORTERS AT LARGE had earlier reported that the product has been selling above N165 in some parts of the country, and a new price regime was released on Tuesday.
Petrol marketers have stated that the Federal Government has approved the rise, but the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has yet to respond to this.
The Daily Trust attempted to confirm the information from the NMDPRA on Tuesday morning, but the agency’s spokesman, Mr Apollo Kimchi, did not respond to enquiries.
According to the regional price list effective from Tuesday, the rate rose from N165 to N179 per litre in the south-west, south-south and southeast regions.
The price was raised to N184 in the north-west and N189 in the north-east being a N24 increase, the highest in the new adjustment.
Petrol will now sell at N179 in the north-central region. Although the product will sell for N169 in Lagos, marketers will sell it for N174 in Abuja.
There is also an upward adjustment in the ex-depot price in the Lagos axis from N148.17 to a range of N160 to N162.
Depots in Warri/Ogbarra have their rates adjusted to N162-N165, while Port Harcourt depots will sell for N165-N167.
