{"id":18718,"date":"2025-03-23T14:09:53","date_gmt":"2025-03-23T13:09:53","guid":{"rendered":"https:\/\/naijaeyesblog.com\/?p=18718"},"modified":"2025-03-23T14:09:53","modified_gmt":"2025-03-23T13:09:53","slug":"depot-owners-increase-fuel-to-n860","status":"publish","type":"post","link":"https:\/\/naijaeyesblog.com\/ro\/depot-owners-increase-fuel-to-n860\/","title":{"rendered":"N860 per litre: Petroleum Depot Owners Increase Fuel Price"},"content":{"rendered":"<h4><strong>Petroleum Depot owners increase the retail fuel price of premium motor spirit to N860 per litre.\u00a0<\/strong><\/h4>\n<p><a href=\"https:\/\/chat.whatsapp.com\/GxfCtlAzWSMAtz92Gn6fws\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"td_btn td_btn_sm td_default_btn\">Join our WhatsApp group<\/span><\/a><\/p>\n<p>Many Nigerians predicted an increase in fuel prices following the halt of the naira-for-crude negotiations between Dangote Refinery and the Federal Government.<\/p>\n<p>Petroleum depot owners upped their prices for the sale of premium motor spirit by N25. This was captured on the datasheet from Thursday, which showed how the new prices for fuel per litre were increased by depot owners.<\/p>\n<figure id=\"attachment_18730\" aria-describedby=\"caption-attachment-18730\" style=\"width: 640px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-18730\" src=\"https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/Gabriel-Ogbechie.webp\" alt=\"\" width=\"640\" height=\"800\" srcset=\"https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/Gabriel-Ogbechie.webp 640w, https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/Gabriel-Ogbechie-240x300.webp 240w, https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/Gabriel-Ogbechie-336x420.webp 336w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption id=\"caption-attachment-18730\" class=\"wp-caption-text\">Gabriel Ogbechie, the owner of Rainoil<\/figcaption><\/figure>\n<p>From the datasheet, several depot owners, such as Rainoil and Pinnacle, increased their fuel prices from N835 to N860, while Aiteo and Nipco changed their prices from N835 to N856 and N860 per litre respectively.<\/p>\n<p>There has been no official communication from the Depot and Petroleum Products Marketers Association of Nigeria (DPMAN) on these price increases or if there would be any further shootup of fuel prices in the future.<\/p>\n<p><a href=\"https:\/\/chat.whatsapp.com\/GxfCtlAzWSMAtz92Gn6fws\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"td_btn td_btn_sm td_default_btn\">Join our WhatsApp group<\/span><\/a><\/p>\n<p>Hammed Fashola, the National Vice-President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said the prices rose due to the naira-for-crude situation between Dangote Refinery and the Federal Government.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-18728\" src=\"https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/ipman-Independent-Petroleum-Marketers-Assoc-of-Nigeria-600x355-1.avif\" alt=\"\" width=\"600\" height=\"355\" srcset=\"https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/ipman-Independent-Petroleum-Marketers-Assoc-of-Nigeria-600x355-1.avif 600w, https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/ipman-Independent-Petroleum-Marketers-Assoc-of-Nigeria-600x355-1-300x178.avif 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p>Fashola said, <em>&#8220;On Tuesday we closed with N825 to N826, but on Wednesday afternoon, prices started increasing again to N835 to N836 per litre.\u201d<\/em><\/p>\n<p>It was no coincidence that the prices started to rise on Wednesday after Dangote Refinery announced on the same Wednesday that it&#8217;s <a href=\"https:\/\/naijaeyesblog.com\/ro\/business\/naira-for-crude-deal\/\">stopping the sale of petroleum products in Naira<\/a>.<\/p>\n<p>Before the announcement by Dangote Refinery, petroleum products were selling at a depot price of N815 per litre.<\/p>\n<p>Although there may be light at the end of the tunnel, as NaijaEyes recalls, <a href=\"https:\/\/naijaeyesblog.com\/ro\/business\/naira-for-crude-negotiations\/\">Dangote Refinery and NNPCL&#8217;s Naira-for-crude panelists are scheduled to have a meeting on Monday<\/a> with regards to the contract re-negotiations.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-18729 size-full\" src=\"https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/481905484_9481547371910472_3571141377469376248_n.avif\" alt=\"NNPC filling station selling fuel at N860 per litre\" width=\"738\" height=\"415\" srcset=\"https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/481905484_9481547371910472_3571141377469376248_n.avif 738w, https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/481905484_9481547371910472_3571141377469376248_n-300x169.avif 300w, https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/481905484_9481547371910472_3571141377469376248_n-640x360.avif 640w, https:\/\/naijaeyesblog.com\/wp-content\/uploads\/2025\/03\/481905484_9481547371910472_3571141377469376248_n-681x383.avif 681w\" sizes=\"(max-width: 738px) 100vw, 738px\" \/><\/p>\n<p><a href=\"https:\/\/chat.whatsapp.com\/GxfCtlAzWSMAtz92Gn6fws\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"td_btn td_btn_sm td_default_btn\">Join our WhatsApp group<\/span><\/a><\/p>\n<p>However, at the time of writing this report, the depot prices have remained unchanged and maintain a sale value of N860 per litre.<\/p>\n<p class=\"p1\"><strong><span class=\"s1\">Join Our Social Media Channels:<\/span><\/strong><\/p>\n<p class=\"p1\"><span class=\"s2\">WhatsApp:<\/span><span class=\"s1\">\u00a0<a href=\"https:\/\/whatsapp.com\/channel\/0029VaINDLn8V0toq2u6BJ34\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NaijaEyes<\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">Facebook:\u00a0<a href=\"http:\/\/www.facebook.com\/Naijaeyess\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"s1\">NaijaEyes<\/span><\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">Twitter:\u00a0<a href=\"https:\/\/twitter.com\/naija_eyes\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"s1\">NaijaEyes<\/span><\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">Instagram:\u00a0<a href=\"https:\/\/www.instagram.com\/naijaeyes\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"s1\">NaijaEyes<\/span><\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\">TikTok:\u00a0<a href=\"https:\/\/www.tiktok.com\/@naijaeyes2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><span class=\"s1\">NaijaEyes<\/span><\/a><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\"><a href=\"https:\/\/naijaeyesblog.com\/ro\/category\/tech\/\">READ THE LATEST BUSINESS NEWS<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Petroleum Depot owners increase the retail fuel price of premium motor spirit to N860 per litre.\u00a0 Join our WhatsApp group Many Nigerians predicted an increase in fuel prices following the halt of the naira-for-crude negotiations between Dangote Refinery and the Federal Government. Petroleum depot owners upped their prices for the sale of premium motor spirit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-18718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>N860 per litre: Petroleum Depot Owners Increase Fuel Price - NaijaEyes Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/naijaeyesblog.com\/ro\/depot-owners-increase-fuel-to-n860\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"N860 per litre: Petroleum Depot Owners Increase Fuel Price - NaijaEyes Blog\" \/>\n<meta property=\"og:description\" content=\"Petroleum Depot owners increase the retail fuel price of premium motor spirit to N860 per litre.\u00a0 Join our WhatsApp group Many Nigerians predicted an increase in fuel prices following the halt of the naira-for-crude negotiations between Dangote Refinery and the Federal Government. 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