Industry figures from petroleumprice.ng indicate that Dangote sold PMS at ₦840 per litre on Thursday — a price matched by Matrix and Rainoil in Lagos.
Nigerians may soon face an increase in petrol pump prices following an increase in the landing cost of imported Premium Motor Spirit (PMS), now averaging ₦890 per litre.
This development has raised concerns among fuel importers and marketers, whose profit margins are being squeezed by the widening gap between landing costs and retail prices. …CONTINUE READING
