Hardship deepens with petrol selling at N1,300 per litre.
Nigerians are facing increased economic pressure following a fresh hike in the price of Premium Motor Spirit (PMS), commonly known as petrol. Oil marketers have raised the pump price of petrol to about N1,300 per litre, up from approximately N1,050 per litre, representing an increase of roughly 24 per cent. The development comes amid a steady rise in crude oil prices in the international market, which recently climbed to about $110 per barrel, largely influenced by ongoing tensions in the […]