Major petrol marketers in Ibadan, have adjusted their petrol pump price to ₦190 per litre.
Oyo News visited some petrol stations, such as Bovas on Friday, to confirm this assertion.
However, sources say the Federal Government approved ₦185 as the new petrol pump price per litre.
The newly approved pump price was communicated to major marketers in a memo early Thursday.
The newly approved price comes weeks after there had been nationwide petrol scarcity, leading to long queues in fuel stations since late November 2022.
Although the official pump price was ₦180 per litre many fuel stations sold fuel above ₦270 per litre in Ibadan and other parts of Nigeria.
Oyo News reported last November that major petrol marketers adjusted fuel prices to meet their operating expenses.