Dangote Refinery-backed MRS and other Nigerian filling stations have increased their retail prices of Premium Motor Spirit, PMS, popularly known as petrol.
The new price has been implemented at MRS outlets in Kubwa, Katampe, Gwarimpa and other areas of Abuja.
Similarly, Ranoil and AA Rano raised petrol prices across their outlets by N10 per litre to N1,410 from N1,400.
The development comes as the Federal Government, through the Minister of Finance, Taiwo Oyedele, proposed a petrol price discount to N1,350 per litre at Nigerian National Petroleum Company Limited, NNPCL, filling stations.
However, fuel retailers and marketers have urged the Federal Government to extend the fuel price discount initiative to other filling stations.
Recall that petrol prices had sustained a downward trend in the previous week.
DAILY POST reports that Brent crude and West Texas Intermediate, WTI, crude traded at $104 and $91 per barrel, respectively.
Credit: dailypost.ng
