Petrol retail price has increased to N212.6 per litre, the Petroleum Products Pricing Regulatory Agency (PPPRA) said in a new monthly template.
The template published Thursday night shows that the retail price of petrol would sell between market band of N209.61 and N212.61. Marketers usually sell at the upper band.
With ex-depot price standing at N206.42 per liter, the March template showed that the landing cost for petrol per liter is N189.61.
Although, the Nigerian National Petroleum Corporation (NNPC) had said price would remain static in March to allow smooth dialogue between government and labour unions.
PPPRA follows the increasing price of crude at the international market as well as instability in exchange rate, to determine the petrol price.
