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Sodiq Oyeleke
Published 12 March 2021
Long queues were witnessed in some filling stations around Lagos Mainland and Ikeja axis of Lagos State after the Petroleum Products Pricing Regulatory Agency announced an increase in the Ex-depot price of Premium Motor Spirit on Friday.
Ex-deport price is the price at which oil marketers buy products at the depots, the price is what determines the price at which petrol stations will sell to motorists.
The Petroleum Products Pricing Regulatory Agency had revealed in a new monthly template that the price of Premium Motor Spirit, also known as petrol, has reached N212.6 per litre.