Petrol Price Increases For The Third Time In 60 Days

Petrol Price Increases For The Third Time In 60 Days …C0NTINUE READING HERE >>>

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,025 per litre in Lagos and ₦1,060 per litre in Abuja.

This marks the third price adjustment within two months.

The latest price hike comes as Nigeria’s Bonny Light crude fell from $75 to $72 per barrel, falling short of the 2024 budget benchmark of $77.96 per barrel by 8.2 percent.

This shift in crude pricing has contributed to further…

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