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The pump price of Premium Motor Spirit (PMS), popularly known as petrol, has climbed to N1,370 per litre in parts of Lagos following fresh increases in depot prices across major supply locations.
Market checks on Tuesday showed that MRS and Nigerian National Petroleum Company Limited (NNPC) filling stations sold petrol at N1,360 per litre, while Mobil retailed at N1,349.
Some independent marketers adjusted their prices to between N1,365 and N1,370 per litre, depending on location.
The retail price increases followed fresh upward adjustments in depot prices, particularly in Lagos, where A.A. Rano raised its petrol price by N75 to N1,295 per litre.
African Terminal, Aiteo and Integrated also increased their prices to about N1,300 per litre.
Similarly, NIPCO raised its depot price by N55 to N1,305, while Dangote increased its price marginally by N3 to N1,303 per litre. MRS, however, retained its depot price at N1,310.
In Port Harcourt, Matrix increased its petrol price by N15 to N1,300 per litre, while Bulk Strategic, Masters and T.S.L maintained their prices at the same level.
Warri also recorded upward adjustments, with A.Y.M. Shafa and Matrix raising their prices by N17 each to N1,300 per litre, while Parker increased its price by N15 to the same amount.
In Calabar, petrol prices remained higher, with Fynefield and Northwest selling at N1,360 per litre.
Meanwhile, the Automotive Gas Oil (AGO), commonly known as diesel, market recorded mixed price movements across the country.
In Lagos, WOSBAB reduced its diesel price by N21 to N1,809 per litre, while Bulk Strategic cut its price by N15 to N1,835.
Rain Oil and Dangote also reduced their diesel prices to N1,850 and N1,823 per litre, respectively.
In Warri, Matrix and Rain Oil lowered their diesel prices by N5 each to N1,835 per litre, while Edo Refinery, NIPCO and Prudent retained their prices at N1,840.
The latest adjustments underscore continued volatility in Nigeria's downstream petroleum market, with changes in depot prices translating into higher costs for motorists and other fuel consumers.
The developments also highlight the persistent pressure on household budgets and business operating costs as petrol prices fluctuate across major commercial centres.
