The volatility of crude oil costs within the worldwide market has had a destructive influence on Nigeria’s downstream oil sector, with importers and depot operators elevating petrol costs to between N905 and N940 per litre. In distinction, Dangote Petroleum Refinery has maintained its ex-depot worth at N825 per litre.
In accordance with knowledge gathered, Rainoil elevated its worth to N920 from N850 per litre, whereas Fynefield and Mainland raised their ex-depot costs to N930 and N920, respectively, a rise of N50 and N10.
Further pricing knowledge confirmed Sigmund promoting at N920 per litre, Matrix Warri at N910, and NIPCO rising sharply to N920 from N827 the earlier week. Aiteo was reported promoting petrol at N920 per litre.
Additional will increase have been recorded as Swift Oil moved to N920, Emadeb and Wosbab to N910, and First Royal to N905. Pinnacle made probably the most important adjustment, now promoting at N940 per litre.
These worth hikes comply with sustained positive factors in international crude oil markets, with Brent crude buying and selling at $75.63 and West Texas Intermediate (WTI) at $74.03 per barrel, amid ongoing geopolitical tensions within the Center East.
