Petrol Prices Near ₦1,000/Litre in Nigeria, Marketers Blame Depots and Dangote Refinery Glitches

Petrol prices in Nigeria are approaching ₦1,000 per litre, causing concern among motorists. Independent Petroleum Marketers Association of Nigeria (IPMAN) attributes the surge to depot owners taking advantage of temporary disruptions at Dangote Refinery.

Prices range from 920 to 1,000 per litre in various states, with some stations selling as high as 1,050. Dangote Refinery's temporary halt in fuel loading has impacted the market, leading to price increases.

The situation reflects broader challenges in the downstream petroleum sector, with motorists feeling the heat of the fuel crisis.