Nigerians Anxious as Depot Petrol Price Climbs to ₦889 per Litre
Nigerians are growing increasingly uneasy as the depot price of Premium Motor Spirit (PMS), popularly known as petrol, climbed to ₦889 per litre on Thursday, up from ₦887 the previous week. Data obtained by Vanguard showed Matrix sold at the highest price of ₦889 per litre, while Aiteo offered the lowest at ₦871 per litre. Other key operators such as Dangote Petroleum Refinery, Eterna, AA Rano, and AYM Ashafa sold at ₦877, ₦874, ₦871, and ₦885 per litre, respectively. The development comes as downstream operators warn that the pump price of petrol could exceed ₦1,000 per litre once the federal government’s newly approved 15% fuel tax takes effect after a 30-day transition period ending November 21, 2025. Speaking to Vanguard, Dr. Billy Gillis-Harry, National President of the Petroleum Retail Outlets Owners Association of Nigeria (PETROAN), said members would work with […]
