Petrol To Cost More As Depot Owners Raise Price By 4.74%

THE Premium Motor Spirit, PMS, also known as petrol would likely cost more as depot owners have increased prices by about 4.74 per cent.

This 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.

Already, 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.

Now That Petroleum Marketers Can Buy Directly From Refineries, What Will Happen to Pricing?

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.

…More details soon

[VanguardNgr]

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