*Despite proposed N1,350 discount

Dangote Refinery-backed MRS and other filling stations have increased their retail prices of Premium Motor Spirit (PMS), popularly known as petrol.

A market survey by an independent newspapers on Sunday showed that filling stations in Abuja and environs raised petrol prices to N1,409 per litre from N1,370.

This means that MRS filling stations increased their petrol pump price by N39 per litre over the weekend.

The new price has been implemented at MRS outlets in Kubwa, Katampe, Gwarimpa and other areas of Abuja.

Similarly, Ranoil and AA Rano raised petrol prices across their outlets by N10 per litre to N1,410 from N1,400.

The development comes as the Federal Government, through the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, proposed a petrol price discount to N1,350 per litre at Nigerian National Petroleum Company Limited, NNPCL, filling stations.

However, fuel retailers and marketers have urged Federal Government to extend fuel price discount initiative to other filling stations.

Recall that petrol prices had sustained downward trend in previous week.

Brent crude and West Texas Intermediate, WTI, crude traded at $104 and $91 per barrel, respectively. (Daily Post)