PETROL PUMP PRICE MAY RISE ABOVE N1,000

The pump prices of Premium Motor Spirit, popularly known as petrol, may rise above N1,000/litre in filling stations as the cost of the commodity in some private depots has been increased to between N920 and N950/litre.

There is on the way with Dangote Refinery and Port Harcourt Refinery starting production in September 2024.

The implications of this rise in pump price is the spiral effects on the prices of commodities, transportation and logistics. People have started little protest in Abuja demanding the immediate dismissal of the group Managing Director of the Nigerian National Petroleum Corporation Limited, Mr Mele Kyari, over lingering fuel scarcity in the country.

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