Nigeria, May 6 -- The adjustment reflects changes in supply and manufacturing expenses and represents a 75 increase over the prior rate.



Industry sources confirm that the new pricing has gone into effect at all loading sites, thereby prompting marketers to adjust their retail and depot rates nearly instantaneously. The change comes after an increase from 1,200 to 1,275 per liter earlier this week, therefore making it the second upward reassessment in only one week.



The News Chronicle reports that the most recent increase comes amid rising operational expenses and limited product availability, including logistics and crude sourcing. A brief delay in releasing supply documentation earlier this week also contributed to short-term sh...