Prices of premium Motor Spirit (PMS), better known as petrol, may soar, as depot owners have increased prices at depots by ₦43, or 4.74%, due to the rising crude oil prices. The increase which has sparked concerns among consumers, is linked to the recent surge in global crude oil prices, with Nigeria’s Bonny Light rising to $80 per barrel. Recall that the cost of Brent, the global benchmark for crude, reached $79.76 per barrel on Sunday. This current situation indicates that filling stations nationwide may adjust their pump prices to…
Read MoreFuel price hike imminent, as depot owners raise prices to ₦950/litre
