Petrol Price Increase at Depots

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Report says prices of petrol at depots have increased more than 100 percent following the official removal of subsidies since May 29.
National Controller Operations, Mike Osatuyi, on Tuesday, disclosed that many downstream businesses were currently struggling to stay afloat as a result of the hike in prices of products at the depots.
Osatuyi said, the price of a 33,000 metric tons tanker of petrol that was sold at N8m before subsidy removal now goes between N22m and N23m depending on the location of the filling station from the depots.

Written by: Helen Obih

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