Sequel to the increase in price of Premium Motor Spirit, PMS, also known as petrol by depot owners by about 4.74 per cent, there is likelihood of petrol price to rise.
This development follows the recent increase of crude oil prices, including Nigeria’s Bonny Light to $80 per barrel this week from $73 per barrel last week.
According to information, some depots, including Swift Depot have increased their loading prices to N950 per litre from N907 per litre while Wosbab depot also increased its price to N950 per litre from N909 per litre.
Similarly, Sahara Depot increased its price to N950 per litre from N910 per litre while Shellplux, increased its loading price to N960 per litre from N908 per litre.
