Oil marketers have once again, adjusted the pump price of petrol to N1,090 and N1,070 from N1,050 per liter in the Lagos metropolis.
This is the third time oil marketers would have their pump price of petrol adjusted in three weeks.
Though most of the fuel outlets were shut on Sunday in Lagos, a few that were selling had adjusted their price on their billboards.
While NIPCO filling stations displayed N1,090 per liter, Mobil and Ardova filling stations moved from N1,050 in the early morning on Sunday to 1,070 per liter in the evening.
Recall that the Nigerian government a few weeks ago, said petroleum product marketers can now purchase petrol directly from any local refineries.
ALSO READ:
- NCDMB unveils Nigerian Content Fund Certificate, empowers 130 firms with $400m NCI Fund
- Adeola to headline Asharami Square 2.0
- Baobab+, LAPO Microfinance Bank seal partnership deal for clean energy expansion
- Sunbeth Energies reaches milestone agreement with Dangote Refinery
- Our Naira, Our Pride
This means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery or any other refineries in the country.
This development aligns with the current practices for fully deregulated products, where refineries can sell directly to marketers on a willing buyer, willing seller basis.
