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Prices of petroleum products have shot up at the pumps this Monday April 17, 2023.
This is the first increase since the introduction of the much-touted ‘Gold for Oil’ policy.
Leading Oil Marketing Companies (OMCs), GOIL, Total and Shell have all increased prices of petrol and diesel.
GOIL is selling petrol at ¢13.10 per litre and diesel at ¢12.99 per litre. Shell is also selling a litre of petrol at ¢13.10 per litre, whilst deisel is going for ¢12.99.
Total is however selling both petrol and diesel at ¢13.20 per litre respectively, whilst Star Oil is selling both petrol and diesel at ¢12.69 per litre respectively.
Other OMCs are expected to follow suit by adjusting upwards prices of petroleum products at the pumps.
The upward adjustment in prices shows that petrol has gone up by a little above 5.5%, and diesel by about 1.16%.
Source: Myjoyonline
