By Udeme Akpan, Energy Editor
Nigerians may soon pay more for Premium Motor Spirit (PMS), also known as petrol, as depot prices across major petroleum hubs have climbed sharply to as high as N1,290 per litre, amid a renewed surge in international crude oil prices.
The development threatens to worsen the financial burden on households and businesses, with marketers expected to review their pump prices if the latest increase in depot costs persists.
The latest mid-day depot price report for yesterday showed that petrol prices rose significantly across Lagos, Calabar, Port Harcourt and Warri.
In Calabar, petrol prices reached N1,290/litre at Mainland and Soroman depots, up N87/litre from N1,203/litre.
