The increment for international crude oil prices wen don pass $100 per barrel dey push up petrol prices for across Nigeria, with major marketers wen don increase pump prices and dis one don begin dey create fresh pressure on transporters, commuters, households and businesses.
MRS filling stations don increase their petrol price go N1,400 per litre from N1,300, and dis one so represent N100, or 7.7 per cent, increase for Lagos and environs.
Similarly, filling stations wen NNPC Limited dey operate don raise their pump price go N1,375 per litre from N1,275, while some independent marketers don increase their prices go N1,400 from about N1,360 per litre.
The latest increases na as a result of the rise for the gantry price of petrol by Dangote Petroleum Refinery to N1,350 per litre, and dis one dey reflect the impact of higher crude oil prices and rising costs across the petroleum supply chain.
The development dey expected to increase transportation costs and household expenses, while at the same time increase operating costs for businesses wen dey depend on fuel for logistics, power generation and other activities.