Local News

Filling stations jerk up fuel price

News Update

Nigerian filling stations have increased the pump price of premium motor spirit after Dangote Refinery and depot owners adjusted ex-depot prices upward.

It was gathered that Empire Energy and Ranoil filling stations in Gwarimpa and other parts of Abuja have hiked their petrol pump price.

Empire Energy and Ranoil filling stations increased their pump price to N935 and N970 per litre, respectively, as of Saturday morning from N905 and N900 on Friday night.

In an exclusive interview with Daily Post, spokesman of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike said the latest petrol price hike was due to an ex-depot price increase by Dangote Refinery and depot owners in Nigeria.

“The supplying depots and Dangote Refinery have increased their ex-depot petrol prices.”

“As of Friday pricing, Dangote Refinery’s ex-depot price is N858 per litre, up from N820. Depot owners also increased prices like NIPCO (N870), Aiteo (N855) and Ranoil (N855),” he told Newsmen on Saturday.

He said the ex-depot price hike is due to the exchange rate and the price of crude oil in the global oil market.

Meanwhile, Nigerian National Petroleum Company and MRS, Optima, and AP Ardova filling stations still dispense petrol at N890 and N885 per litre, respectively, in Abuja as of the time of filing this report.

Reports indicate that Brent and West Texas Intermediate crude futures fell to $69.67 and $67.33 as of Saturday morning, according to oilprice.com.

VAM News

Recent Posts

Govt Demolishes Building Used to Hold Adelabu’s Sister, Nephews Captive

News Update THE Oyo State Government has demolished a building used as a hideout by…

24 minutes ago

No bandits in Osun, Police dismiss social media videos

THE Osun State Police Command has dismissed claims circulating on social media that suspected bandits…

55 minutes ago

Herdsmen behead health worker, flee with victim’s head

Suspected herdsmen ambushed and killed a health officer identified as Ojoma Emie in Ikobi, Apa…

1 hour ago

Kwankwassiyya movement breaks silence on NDC crisis

Prominent Nigerian political movement and supporters of the 2027 vice presidential candidate of the Nigerian…

1 hour ago

2026 Bye-election: INEC Releases Final List of Candidates

News Update INEC Release List of Candidates for 2026 June 20th Bye-Elections 1. Ondo South…

2 hours ago

Teen dies after drowning in lake

A 19-year-old boy died after drowning in a lake in Nottinghamshire while hanging out with…

3 hours ago