Marketers now sell petrol at N170 per litre

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa.

Some filling stations in Lagos and Ogun states, according to reporters increased the pump price of petrol to N170 per litre on Tuesday from N162 per litre.

Some of the stations were Capital Oil and Gas, Fatgbems and Amo Oil, all along the Lagos-Ibadan Expressway. Another station, Enyo Retail, adjusted its pump price to N165 per litre from N162.

The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, told the Punch that members of his association had to increase the pump price because they bought the product at N160-N161 from depot owners.

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