Showing posts with label Nigeria; NNPC; Petrol. Show all posts
Showing posts with label Nigeria; NNPC; Petrol. Show all posts

Tuesday, November 24, 2015

Fuel Price Soars By 50% At Depots As Scarcity Bites

NNPC Towers, Abuja

• IPMAN orders 24hrs dispensing

Price of Premium Motor Spirit (PMS) or petrol soared by about 50 per cent at retail outlets following the hike in price of the product at the depots, it was learnt. A daily industry price survey conducted by marketers at depots in Apapa, Lagos, revealed that yesterday’s average price per litre of PMS was ₦112 as against the normal price of ₦77.66 per litre. The MRS depot sold at ₦110 per litre, Honeywell sold at ₦111, while Folawiyo and Capital Oil and Gas sold at ₦115 per litre respectively, reflecting an increase of about 50 per cent.