The pump price of Premium Motor Spirit (PMS), popularly known as petrol, has surged to as high as N1,300 per litre in parts of Nigeria, triggering fresh concerns over rising inflation and the cost of living. Market surveys across several states show that petrol now sells between N1,200 and N1,300 per litre at independent filling stations, particularly in parts of Oyo State and other areas where supply costs have increased. Industry operators attribute the latest spike to rising depot prices following fresh upward adjustments by the Dangote Petroleum Refinery, which…
Read MorePetrol price hits N1,300 per litre as Nigerians brace for fresh economic strain
