• Petrol pump price drops to N140 per litre despite forex increase

    Petrol pump price drops to N140 per litre despite forex increase

    It was gathered that the pump price of Premium Motor Spirit (PMS), also known as petrol, has dropped to about N140 per litre in some retail outlets in Lagos against the official price of N145, according to enquiry.

    Although the Federal Government has not officially reduced the pump price of PMS, many filling stations in Lagos have decided to reduce it probably to attract more customers.

    A survey of some filling stations in the Lagos metropolis showed that PMS now sells between […]