The surge in international crude oil prices above $100 per barrel is pushing up petrol prices across Nigeria, with major marketers raising pump prices and creating fresh pressure on transporters, commuters, households, and businesses. MRS filling stations increased their petrol price to N1,400 per litre from N1,300, a N100 or 7.7 per cent increase in Lagos and its environs. NNPC Limited stations raised their pump price to N1,375 per litre from N1,275, while some independent marketers increased prices to N1,400 from about N1,360 per litre. The increases followed a rise in the gantry price of petrol by Dangote Petroleum Refinery to N1,350 per litre.
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