Fresh data from Nigeria’s downstream petroleum market has revealed the top 10 depots with the lowest Premium Motor Spirit (PMS), also known as petrol, prices in April, even as a nationwide price adjustment pushed rates significantly higher toward the end of the month.
Data from Petroleumprice.ng shows that Lagos-based depots remained the cheapest sources of petrol supply across the country, maintaining the national price floor for most of April, while depots in Warri, Port Harcourt, and Calabar traded at higher but relatively stable premiums.
However, by the final days of April, a coordinated market-wide increase triggered sharp price jumps across all major regions, forcing depot prices to rise by as much as ₦131 per litre between the lowest and highest recorded rates….CONTINUE FULL READING>>>
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