GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Oil Marketers Increase Fuel Prices: Check Today’s Petrol Rates (14/1/2025)

Enudi Golden by Enudi Golden
January 14, 2025
in business, Headline
Reading Time: 2 mins read
Oil Marketers Increase Fuel Prices: Check Today’s Petrol Rates (14/1/2025)
142
SHARES
Advertisements

Oil Marketers Increase Fuel Prices: Check Today’s Petrol Rates (14/1/2025)

If you’ve been to a petrol station recently, you might have noticed that fuel prices are on the rise. On Monday, oil marketers raised the cost of loading Premium Motor Spirit (petrol) and other refined products at depots, sparking concerns about higher pump prices across the country.

READ ALSO

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Here’s what’s happening and why:

The main reason for the price hike is the increase in global crude oil prices. Brent crude, the international benchmark for oil, hit $79.76 per barrel on Sunday. This rise has pushed up the cost of refining and distributing petroleum products, leading to higher prices at depots.

Current Petrol Prices at Depots

Several depots have adjusted their loading prices for petrol. Here’s a breakdown of the changes:

  • Swift Depot: Increased from ₦907 to ₦950 per litre.
  • Wosbab Depot: Raised from ₦909 to ₦950 per litre.
  • Sahara Depot: Went up from ₦910 to ₦950 per litre.
  • Shellplux Depot: Jumped from ₦908 to ₦960 per litre.
  • Chipet Depot: Increased from ₦908 to ₦960 per litre.
  • Nipco Depot: Rose from ₦912 to ₦950 per litre.
  • Matrix Warri Depot: Adjusted from ₦925 to ₦945 per litre.

On average, depot prices for petrol have gone up by 7–10%.

Diesel Prices Are Also Rising

It’s not just petrol—diesel prices have also seen a significant increase:

  • Stockgap Depot: Increased from ₦1,080 to ₦1,150 per litre.
  • Ibeto Depot: Raised from ₦1,050 to ₦1,150 per litre.
  • Sahara Depot: Adjusted from ₦1,045 to ₦1,150 per litre.
  • Nipco Depot: Went up from ₦1,120 to ₦1,150 per litre.
  • Optima Depot: Increased from ₦1,048 to ₦1,120 per litre.

Diesel prices have climbed by 5–10%, depending on the depot.

 

Oil and gas expert Olatide Jeremiah explained that the rise in crude oil prices is directly affecting the cost of refining and importing petroleum products.

“When Brent crude nears $80 per barrel, it impacts the cost of importing and refining fuel. This is why we’re seeing higher depot prices,” he said.

Marketers like Bayo Adelaja have also warned that prices could continue to fluctuate in the coming weeks.

With depot prices rising, it’s likely that pump prices at petrol stations will also go up. If you rely on petrol or diesel for your car, generator, or business, it’s a good idea to plan ahead and budget for these increases.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Direct Link To Apply For Federal Teachers UBEC Recruitment 2025/2026

Next Post

Details of How Gospel Singer Timileyin Ajayi Beheads Girlfriend in Nasarawa [Video]

Related Posts

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students Governor Babagana Umara Zulum of Borno State has...

Read moreDetails

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known as Debporsche, was allegedly murdered by her ex-boyfriend, identified simply as Lintex, nearly a year after their breakup. According to reports, Lintex had repeatedly threatened Deborah since their split in August 2024, allegedly vowing: “If I don’t have you, nobody will. If I no marry you, blood go flow.” Deborah’s sister described her as a hardworking interior decorator who had just completed her National Youth Service Corps (NYSC). She further alleged that the deceased endured emotional abuse throughout her relationship with Lintex, which ultimately pushed her to walk away. On the night of the attack, the suspect disguised himself as a dispatch rider in an attempt to infiltrate the estate. Security guards reportedly stopped him at the gate, but he scaled the fence and gained entry to Deborah’s apartment. Eyewitnesses said Lintex first tampered with the gas cylinder line outside the apartment, allegedly trying to cause an explosion. When that failed, he forced his way inside and stabbed Deborah multiple times with a knife he brought along. Alarmed neighbours rushed to the scene and alerted the police. The suspect was subdued and handed over to law enforcement officers. Police authorities have confirmed the incident, stating that investigations are ongoing. Deborah’s tragic death has sparked outrage online and renewed calls for stronger legal protections for women against abusive and obsessive partners.

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known...

Read moreDetails

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad

Akwa Ibom Assembly Orders Sanctions Against Doctors Over Death of Pregnant Woman, Baby Three doctors at the Ikot Ekpene General...

Read moreDetails

No More Upkeep During Holidays – NELFUND Tells Students

NELFUND Clarifies Upkeep Loan Disbursement and Application Process

The Nigerian Education Loan Fund (NELFUND) has announced that upkeep loan disbursements will now be tied strictly to the academic...

Read moreDetails

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has announced that President Bola Tinubu has committed over ₦90...

Read moreDetails

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Niger state governor ban public preaching

The Niger state government has ignited a fresh controversy after ordering a ban on all forms of public religious preaching...

Read moreDetails

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates ( APPLY NOW)

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates Stanbic IBTC Holdings PLC, the parent company of Stanbic Bank, has...

Read moreDetails

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

FG to train 2,000 Nigerian youths in electric vehicle skills The Director General of the Youth in Parliament Forum, Tony...

Read moreDetails

Nigeria Risks “Lost Generation” as 80 Million Youths Jobless, 1,500 Schools Shut

NGO warns 80m Nigerian youths unemployed, 1,500 schools shut

Nigeria’s youth population, the largest in Africa, has long been described as the nation’s greatest asset. But rising unemployment, worsening...

Read moreDetails

How to Report MisReport Misbehavior of Soldiers behavior of Soldiers to the Nigerian Army

How to Report Misbehavior of Soldiers to the Nigerian Army

The Nigerian Army is one of the strongest and most respected military forces in Africa. Its soldiers and officers have...

Read moreDetails
Load More
Next Post
Gospel Singer Timileyin Ajayi Opens Up on Why He Killed ‘Girlfriend’, Severed Head

Details of How Gospel Singer Timileyin Ajayi Beheads Girlfriend in Nasarawa [Video]

SEARCH ADS

Latest Posts

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students
Education

Zulum Approves ₦300,000 Support Package, Free Meals, and Scholarships for Borno Students

Residents of a Lagos estate were left in shock on Thursday night after a young woman, Deborah Porsche, popularly known as Debporsche, was allegedly murdered by her ex-boyfriend, identified simply as Lintex, nearly a year after their breakup. According to reports, Lintex had repeatedly threatened Deborah since their split in August 2024, allegedly vowing: “If I don’t have you, nobody will. If I no marry you, blood go flow.” Deborah’s sister described her as a hardworking interior decorator who had just completed her National Youth Service Corps (NYSC). She further alleged that the deceased endured emotional abuse throughout her relationship with Lintex, which ultimately pushed her to walk away. On the night of the attack, the suspect disguised himself as a dispatch rider in an attempt to infiltrate the estate. Security guards reportedly stopped him at the gate, but he scaled the fence and gained entry to Deborah’s apartment. Eyewitnesses said Lintex first tampered with the gas cylinder line outside the apartment, allegedly trying to cause an explosion. When that failed, he forced his way inside and stabbed Deborah multiple times with a knife he brought along. Alarmed neighbours rushed to the scene and alerted the police. The suspect was subdued and handed over to law enforcement officers. Police authorities have confirmed the incident, stating that investigations are ongoing. Deborah’s tragic death has sparked outrage online and renewed calls for stronger legal protections for women against abusive and obsessive partners.
Headline

Man Arrested After Disguising as Dispatch Rider to Murder Ex-Girlfriend in Lagos

Reps Seek Compulsory 5 Year service to Nigeria by Doctors before going abroad
Headline

Akwa Ibom Doctors Face Sanctions Over Death of Pregnant Woman and Baby

NELFUND Clarifies Upkeep Loan Disbursement and Application Process
Education

No More Upkeep During Holidays – NELFUND Tells Students

Federal Govt Launches ₦50 Million Grant to Support Student Entrepreneurs
Education

Tinubu Commits ₦90bn to Support 400,000 Students Through NELFUND

Niger state governor ban public preaching
Headline

Niger Governor Bans Pastors and Public Preachers From Preaching in Public

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates
Education

Stanbic IBTC Announces 2024/2025 University Scholarship for Nigerian Undergraduates ( APPLY NOW)

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing
Headline

FG to Train 2,000 Nigerian Youths in Electric Vehicle Maintenance and Manufacturing

NGO warns 80m Nigerian youths unemployed, 1,500 schools shut
Headline

Nigeria Risks “Lost Generation” as 80 Million Youths Jobless, 1,500 Schools Shut

How to Report Misbehavior of Soldiers to the Nigerian Army
Daily Guides

How to Report MisReport Misbehavior of Soldiers behavior of Soldiers to the Nigerian Army

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News