Petrol prices at filling stations across the Federal Capital Territory may be reviewed in the coming days as independent petroleum marketers prepare to receive new supplies.
The Independent Petroleum Marketers Association of Nigeria said marketers were already reviewing their pricing and sales strategies ahead of the arrival of fresh petrol products.
IPMAN National Publicity Secretary, Chinedu Ukadike, said the exact timing of the review would depend on when the products become available to marketers.
He explained that once the new supplies arrive, filling stations would adjust their prices in line with prevailing market conditions and existing regulations.
The development follows a recent increase in Dangote Refinery’s gantry, or ex-depot, petrol price.
According to reports, the refinery increased its ex-depot price from N1,165 per litre to N1,185, then N1,200 and N1,265 within a week.
The increase has already been reflected in petrol pump prices at several filling stations across Abuja, putting additional pressure on motorists and other fuel-dependent businesses.
The latest development comes amid continued concerns over petrol price volatility in Nigeria, with consumers calling for measures that will improve supply and stabilise prices.
Marketers, however, said the movement in pump prices would depend largely on the cost at which they obtain products, transportation expenses and broader market conditions.
