The cost of loading Premium Motor Spirit (petrol) and other refined petroleum products at depots changed on Monday, prompting concerns about potential pump price adjustments nationwide.
According to The PUNCH, oil marketers increased depot prices for petrol and diesel by ₦43 or 4.74 per cent, citing rising crude oil prices as the primary driver.
Brent crude, the global benchmark, reached $79.76 per barrel on Sunday, contributing to the surge in costs.
Reports revealed notable increases in petrol prices at several depots. Swift Depot raised its loading price to ₦950 per litre, up from ₦907 last Friday.
Similarly, Wosbab Depot adjusted its price to ₦950 from ₦909, while Sahara Depot increased its rate to ₦950 from ₦910.
Private depot Shellplux also raised its loading price to ₦960 from ₦908, and Chipet Depot charged ₦960 per litre, compared to ₦908 the previous week.
Other depots followed suit, with Nipco Depot increasing its price by ₦38, from ₦912 to ₦950, and Matrix Warri Depot adjusting its rate to ₦945 per litre, up from ₦925.
Marketers sourcing products from the Dangote Refinery and reselling to retailers have also raised costs.
They now charge ₦923 per litre after acquiring products at ₦899 per litre from the refinery.
