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
Fuel Scarcity: Petrol Prices to Hit ₦1,000 Amid NUPENG Strike
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

Nigeria Customs Service Recruitment 2025: CBT Exam Dates, Shortlist, and Guidelines Released

Air Peace Opens 2025 Graduate Trainee Recruitment for Young Nigerians

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

Nigeria Customs Service Recruitment 2025: CBT Exam Dates, Shortlist, and Guidelines Released

CDCFIB New Link to Verify and Complete Your Application for 2025 Recruitment 

Abuja, Nigeria — The Nigeria Customs Service (NCS) has released a major update on its 2024/2025 recruitment exercise, confirming that...

Read moreDetails

Air Peace Opens 2025 Graduate Trainee Recruitment for Young Nigerians

Air Peace Opens 2025 Graduate Trainee

Lagos, Nigeria – September 16, 2025 – Air Peace Limited, Nigeria’s largest carrier, has announced the commencement of applications for...

Read moreDetails

Katsina Govt to Empower Repentant Bandits with Tools, Homes, and Business Support

Repentant Bandits

Katsina State Governor, Dikko Umaru Radda, has unveiled fresh measures to tackle insecurity and support victims of banditry across the...

Read moreDetails

Delta Government to Sack Age Cheats, Recover Salaries in Civil Service Overhaul

Delta Government to Sack Age Cheats, Recover Salaries in Civil Service Overhaul

The Delta State Government has warned that civil servants found to have falsified their age or abandoned their duty posts...

Read moreDetails

600 Youth Benefit as Sterling Bank Launches Second Phase of ₦2bn Scholarship Fund (APPLY NOW)

600 Youth Benefit as Sterling Bank Launches Second Phase of ₦2bn Scholarship Fund (APPLY NOW)

Sterling Bank has opened nominations for the second cohort of its ₦2 billion Beyond Education Scholarship Fund, following the successful...

Read moreDetails

Patience Jonathan Domestic Staff Dies Amid Jewellery Theft Trial

Patience Jonathan Domestic Staff Dies

Patience Jonathan Domestic Staff Dies Amid Jewellery Theft Trial GoldenNewsNg reports that One of the 15 domestic workers of former...

Read moreDetails

How to Get Your Nigerian Tax ID Before the January 2026 Banking Deadline

How to Get Your Nigerian Tax ID Before the January 2026 Banking Deadline

How to Get Your Nigerian Tax ID Before the January 2026 Banking Deadline If you own a bank account in...

Read moreDetails

5 Things to Know About FG  Mandatory Tax ID Requirement for Bank Accounts

5 Things to Know About FG  Mandatory Tax ID Requirement for Bank Accounts

5 Things to Know About FG  Mandatory Tax ID Requirement for Bank Accounts GoldenNewsNg reports that beginning January 2026, the...

Read moreDetails

Students Cry Out to NELFUND Over Delay in Monthly Upkeep Payments Since August

Students Cry Out to NELFUND Over Delay in Monthly Upkeep Payments Since August

Students Cry Out to NELFUND Over Delay in Monthly Upkeep Payments Since August Beneficiaries of the Nigerian Education Loan Fund...

Read moreDetails

NELFUND Weekly Update, Sept 14: ₦92.8bn Disbursed, Over 700,000 Students Registered

NELFUND Weekly Update,

NELFUND Weekly Update, Sept 14: ₦92.8bn Disbursed, Over 700,000 Students Registered   The Nigerian Education Loan Fund (NELFUND) has continued...

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

CDCFIB New Link to Verify and Complete Your Application for 2025 Recruitment 
Headline

Nigeria Customs Service Recruitment 2025: CBT Exam Dates, Shortlist, and Guidelines Released

Air Peace Opens 2025 Graduate Trainee
Headline

Air Peace Opens 2025 Graduate Trainee Recruitment for Young Nigerians

Repentant Bandits
Crime

Katsina Govt to Empower Repentant Bandits with Tools, Homes, and Business Support

Delta Government to Sack Age Cheats, Recover Salaries in Civil Service Overhaul
Headline

Delta Government to Sack Age Cheats, Recover Salaries in Civil Service Overhaul

600 Youth Benefit as Sterling Bank Launches Second Phase of ₦2bn Scholarship Fund (APPLY NOW)
Education

600 Youth Benefit as Sterling Bank Launches Second Phase of ₦2bn Scholarship Fund (APPLY NOW)

Patience Jonathan Domestic Staff Dies
Headline

Patience Jonathan Domestic Staff Dies Amid Jewellery Theft Trial

How to Get Your Nigerian Tax ID Before the January 2026 Banking Deadline
business

How to Get Your Nigerian Tax ID Before the January 2026 Banking Deadline

5 Things to Know About FG  Mandatory Tax ID Requirement for Bank Accounts
business

5 Things to Know About FG  Mandatory Tax ID Requirement for Bank Accounts

Students Cry Out to NELFUND Over Delay in Monthly Upkeep Payments Since August
Education

Students Cry Out to NELFUND Over Delay in Monthly Upkeep Payments Since August

NELFUND Weekly Update,
Education

NELFUND Weekly Update, Sept 14: ₦92.8bn Disbursed, Over 700,000 Students Registered

© 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