August 27, 2026

***Depot price hits N1,735/Litre in Port Harcourt l12 depots increase prices — Report

***Dangote Refinery determines market pace —Experts

By Udeme Akpan, Ediri Ejor & Jackson-Kalio Tokoni

Despite drop in price of crude in the global oil market, operators in Nigeria’s downstream sector have increased the prices of Premium Motor Spirit, PMS, also known as petrol, by an average of N1,212 per litre from N1,158 per litre, an increase of 4.7 per cent which has triggered fresh worries in the polity.