The cost of Premium Motor Spirit, popularly called petrol, may hit or exceed N180/litre in most filling stations in coming weeks if nothing is done about a recent hike in its ex-depot price by private depot owners.

 

It was gathered that most private depot owners recently raised the cost of petrol from the approved N142-N145/litre price to between N162-N170/litre.

 

This, oil marketers said, had already made some filling stations owned by independent marketers to start dispensing petrol at N180/litre, above the approved and regulated pump price of N165/litre.

 

But the Nigerian National Petroleum Company Limited, Nigeria’s sole importer of petrol, said it was not aware of the hike in price by private depot owners.

 

Source: Okechukwu Nnodim