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Premium Motor Spirit (PMS), better known as petrol, is expected to cost more after depot owners increased the price by about 4.74 per cent.
The hike in price comes following the recent increase in crude oil prices, with Nigeria’s Bonny Light going up to $80 per barrel this week from $73 per barrel last week.
According to online reports, Swift Depot increased its loading price to N950 per litre from N907 last Friday.
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Additionally, Wosbab Depot increased its price to N950 from N909.
Details later…
