‘N595 To N780/Litre,’ Depots Hike Petrol Loading Price

. IPMAN speaks on 31% increment, implication for pump price       The ongoing fuel scarcity in Lagos, Ogun, and other states worsened yesterday as independent marketers began purchasing the product from private depots at N780 per litre, up from N595 per litre—a 31% increase. According to Chief Chinedu Ukadike, Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the price hike reflects the current demand and supply dynamics in the domestic market. Despite the challenging situation, he expressed optimism that conditions could improve in the…

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