Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa.
It was observed that some filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre from N162 per litre.
Some of the stations were Capital Oil and Gas, Fatgbems and Amo Oil, all along the Lagos-Ibadan Expressway. Another station, Enyo Retail, adjusted its pump price to N165 per litre from N162.
The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi said that members of his association had to increase the pump price because they bought the product at N160-N161 from depot owners.
It was earlier reported that IPMAN members disrupted loading of petroleum products at private depots in Apapa as well as Ibadan, Ejigbo and Mosimi depots belonging to the Nigerian National Petroleum Corporation.
They picketed the facilities to protest their inability to get products due to a new payment method introduced by the Petroleum Products Marketing Company, a subsidiary of the NNPC.
