Nigerian fuel prices at depots rose by about 4.74%, with petrol now costing around N950 per liter.

Nigerian depot owners have raised fuel prices by about 4.74%, following a rise in crude oil prices, including Nigeria's Bonny Light, which hit $80 per barrel. Depots like Swift, Wosbab, and Sahara increased their petrol prices to around N950 per litre. Diesel prices also saw a 5-10% surge. Despite the increase at depots, retail prices in Abuja remained unchanged. The government cannot control these price fluctuations due to the deregulated market.

2 months ago
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