MRS, AP, Heyden, Other Filling Stations Increase Petrol Prices Amid New Crude Cost

Several filling stations in Nigeria, including MRS, AP, Heyden, and others, have raised petrol prices despite a drop in international crude oil prices. Motorists in Ogun are now paying more per liter of petrol, with prices varying widely among different stations.

Dangote refinery's partner also adjusted their prices, setting a tone for an upward adjustment in the market. The increase in pump prices comes amid a global oil price decline since late June, with Brent crude falling to $70 per barrel.

Analysts attribute the drop to easing geopolitical tensions. The National Publicity Secretary of the Petroleum Products Retail Outlet Owners Association mentioned that marketers anticipate a price drop soon.

Despite cheaper crude oil, the pump prices in Nigeria continue to rise, leading to public scrutiny and calls for transparency in fuel pricing. The Dangote Refinery has denied rumors of suspending petrol loading and aims to supply 40 million liters daily.

This situation highlights the complexities of the Nigerian retail fuel market and the challenges faced by motorists.