Petrol depot prices rise to ₦1,900 per litre in Port Harcourt, with diesel also reaching ₦1,900 per litre in Warri, according to reports citing recent increases by petroleum marketers. The changes are reported across several cities, including Lagos and Calabar, where depots or some supply points show higher rates.
The reports note that the increase comes despite a government-linked discount and lower pump prices at some filling stations. Vanguard is cited as saying NIPCO raises petrol in Port Harcourt by ₦170 (from ₦1,730 to ₦1,900), while Rain Oil and Matrix are mentioned for lifting diesel costs in Warri to the same level. Other outlets add that petrol pump prices can vary by location, with some stations still selling at lower rates even as depot prices surge.
Outlets also reference broader market context, including changes in international oil benchmarks and petroleum product values. While the discount is highlighted as a mitigating factor, all accounts describe depot pricing moving upward, suggesting domestic product costs could continue rising.
