Petrol Prices Hit N1,310 as Marketers Adjust Rates
Petrol prices in Nigeria have risen significantly, with the retail cost of Premium Motor Spirit (PMS) reaching N1,310 per litre in Lagos and surrounding areas. This increase, led by MRS Oil Nigeria, marks a N105 rise from the previous price of N1,205 per litre.
Other filling stations have adjusted their prices, with some outlets charging between N1,315 and above N1,400 per litre. The price hikes are attributed to high depot costs, which remained elevated as of Friday, August 28, 2026.
The Daily Depot Price Intelligence Report indicated that Warri had the highest depot price at N1,217 per litre. Additionally, the refinery announced a new gantry rate of N1,265 per litre effective Saturday, August 29, 2026, up from N1,200, and adjusted its coastal PMS price from N1,582,380 to N1,669,545 per metric tonne.
Despite a decline in some international crude benchmarks, local petrol prices continue to rise.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
Petrol Prices Surge Nationwide After Dangote Rate Change
Nigerian Marketers Reduce Petrol Prices Amid Competition
Petrol Prices Near N1,400 After Dangote Refinery Hike
Petrol Prices Surge to N1,310 per Litre in Nigeria
Petrol Prices Surge as Dangote Refinery Resumes Naira Sales
Petrol Prices Surge After Dangote Refinery Increase
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
