The price of Premium Motor Spirit (PMS), also known as petrol, is expected to rise as depot owners have raised prices by approximately 4.74%. This price hike follows the recent increase in crude oil prices, with Nigeria’s Bonny Light rising to $80 per barrel this week, up from $73 per barrel last week.
Several depots have already adjusted their prices, with Swift Depot increasing its price to N950 per litre from N907, and Wosbab depot raising its price to N950 per litre from N909. Similarly, Sahara Depot has increased its price to N950 per litre from N910, while Shellplux has raised its loading price to N960 per litre from N908.
…Further details to follow.
