Nigerian Marketers Maintain High Petrol Prices Despite Crude Oil Crash

Marketers retain high petrol prices as crude oil crashes to pre-war level

By Obas Esiedesa & Ediri Ejoh Oil marketers across Nigeria have continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at elevated prices despite a sharp decline in global crude oil prices to levels recorded before the outbreak of the US-Iran conflict. Brent crude, the international benchmark against which Nigeria’s oil is priced, fell […] The post Marketers retain high petrol prices as crude oil crashes to pre-war level appeared first on Vanguard News.

By Urowayino Jeremiah