Some filling stations in Lagos and Ogun states have adjusted their pump prices, to sell Petrol at N150 and N162 per litre.

This development has occurred, hours after the announcement the increase in the ex-depot price of Premium Motor Spirit (petrol)

According to The Punch, Several petrol stations along the Lagos-Ibadan Expressway, like Fatgbems sold a litre of petrol at N162. While NNPC sold at N160 and Mobil, N159.9.

Still on prices, other filling stations like Enyo sold the product at N159.9 per litre; Capital Oil and Gas, N158; and Oando, N150.

The price of ptrol was increased by the Nigerian National Petroleum Corporation from the original price which it sells the product to marketers from N138.62 per litre to N147.67.

Although the rumour about the sudden hike in prices of fuel had earlier started, before the sales at N160 per litre commenced on Thursday.

The Petroleum Products Marketing Company, a subsidiary of the NNPC had, on Wednesday, increased the ex-depot price of the PMS to N151.56 per litre, with marketers saying the product would be sold at between N158 and N162 per litre.