OMG! Rising cost of crude oil prices trigger increase in petrol price

  • Premium Motor Spirit (petrol) and other refined petroleum products now cost more to load at the depots as of Monday
  • Marketers raised the price of gasoline and diesel at depots by N43, or 4.74 percent, due to the growing cost of crude oil
  • Gas stations nationwide may decide to hike their pump rates in order to keep up with the rising cost of refined goods

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The cost of loading refined petroleum products, including Premium Motor Spirit (petrol), at the depots went up.