Tag: Premium Motor Spirit (PMS)
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Marketers Suggest Possible Fuel Price Increase Amidst Naira Decline
The depreciation of the naira against the US dollar, combined with the recent surge in global crude oil prices, has triggered concerns among Nigerians about a potential escalation in the cost of Premium Motor Spirit (PMS), commonly known as petrol. While the Nigerian National Petroleum Company Limited and other oil marketers have not formally announced…