The price of premium Motor Spirit (PMS), also known as petrol, appears headed for N1,500 per litre after it jumped from N1,205 to N1,310 yesterday.
August 30, 2026
By Udeme Akpan & Ediri Ejor
The price of premium Motor Spirit (PMS), also known as petrol, appears headed for N1,500 per litre after it jumped from N1,205 to N1,310 yesterday.
The development came despite a drop in the prices of crude in the international market from $92 per barrel to $87.31.
Checks by Sunday Vanguard showed that MRS, a major downstream player, increased its retail price to N1,310 per litre from N1,205 per litre in Lagos and environs.
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