Petrol pump prices defy low depot rates, stay above N1,300

Primary framing

“Petrol pump prices defy low depot rates, stay above N1,300”

Petrol prices remain elevated at filling stations across Nigeria despite a significant drop in depot prices raising fresh questions over profiteering between wholesale loading and retail prices.

Key facts

• Depot prices have dropped significantly
• Dangote Refinery and Pinnacle quoted N1,266 per litre
• MRS quoted N1,280 per litre
• The price disparity raises questions over profiteering
• Petrol prices at filling stations are above N1,300
• MRS quoted N1,280 per litre
• The price disparity raises questions over profiteering

Center-leaning outlets

• Vanguard News