Indications have emerged that petrol would likely cost more as depot owners have increased prices by about 4.74 per cent.

It was gathered that petrol loading costs at depots across Nigeria increased on Monday following higher crude oil prices.
The Nigeria’s Bonny Light increased to $80 per barrel this week from $73 per barrel last week.
Also, some depots including Swift Depot have increased their loading prices to N950 per litre from N907 per litre while Wosbab depot also increased its price to N950 per litre from N909.
Similarly, Sahara Depot increased its price to N950 per litre from N910 per litre while Shellplux, increased its loading price to N960 per litre from N908 per litre.
Matrix Warri and Nipco also raised their diesel prices significantly, with adjustments ranging from N72 to N100 per litre.
Marketers who purchase products from the Dangote refinery and resell to retailers also adjusted prices, with rates increasing from N899 to N923 per litre.
The average increase in petrol depot prices is estimated at 7-10%, while diesel prices rose by 5-10%, depending on the depot.
These adjustments are expected to influence pump prices in the coming weeks.