Daily Trust· 4h ago· 1 min read
Transport fares have risen again in parts of the country as petrol price climbed to as high as N1,400 per litre, Daily Trust reports.
The latest increase followed a surge in global crude oil prices, with Brent crude rising above $100 per barrel amid renewed tensions in the Middle East.
Fresh loading data obtained from petroleum marketers showed an upward movement in ex-depot prices across Lagos, Warri and Calabar.
In Lagos, A.A. Rano increased its ex-depot price from N1,275 to N1,279 per litre; while African Terminal, Ascon, Gulf Treasure, Integrated and T.Time hiked their rates to N1,275.
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Aiteo, Heyden and Nipco maintained existing prices of N1,275; while Emadeb bucked the trend by reducing its rate from N1,278 to N1,274 per litre.
Dangote Refinery, the dominant fuel…
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