Dangote Petroleum Refinery yesterday clarified the recent upward adjustment of its ex-depot price of Premium Motor Spirit (PMS) otherwise known as petroleum, saying this is directly linked to the “Significant increase in global crude oil prices”. It was reported earlier that Dangote on Friday adjusted the price from N899 per litre to N950. The refinery stated in a memo to …

  The pump prices of Premium Motor Spirit (PMS), popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners. Dealers confirmed that PMS prices would continue to rise since the major component in fuel production, crude …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said the price of Premium Motor Spirit (popularly known as fuel or petrol) would continue to increase as long as the United States Dollar rose in the foreign exchange market. Reacting to speculation of further fuel pump hikes, IPMAN National Chairman, Mr. Chinedu Okoronkwo told newsme that fuel price would keep soaring …