Importers set to increase depot petrol price to N1,350/litre
Commenting on the upward price review, a source said it undermines the objective of issuing additional import licences to promote competition and moderate domestic prices.
The new depot price is expected to take effect from July 17, according to a report publish by TheCable meaning that Nigerians will pay more at the pumps.
According to a market intelligence report by Argus, petrol import approvals were granted to AA Rano, AYM Shafa, Bono, NIPCO, and Pinnacle.
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