Petrol has been selling above N165 in some parts of the country, as of Tuesday, 19th July.
Petrol marketers, said the Federal Government gave approval for the raise of fuel price.
According to the regional price list effective from Tuesday, the rate rose from N165 to N179 per litre in the south west, south south and southeast regions.
There is also an upward adjustment in the ex-depot price in the Lagos axis from N148.17 to a range of N160 and 162.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is yet to react to new development.
