Petrol Price Increases As Scarcity Looms in Ondo, Ogun and Lagos State

Against the government regulated price of N97 per litre, most filling stations in parts of Ogun, Lagos & Ondo now sell premium motor spirit, popularly called petrol, at N100 per litre, it was learnt this morning.

Sources at some of the filling stations visited told our correspondent that the price increase came into effect Monday as many filling stations have been unable to get the product, which forced them to start selling their reserve stock.

While some of the filling stations sold at the new, but illegal price, others simply shut their dispensing machines, informing motorists and customers that the product was not available.