Average PMS Price Rises to N679.36 Per Liter in Feb – NBS
According to new data from the National Bureau of Statistics (NBS), the average price of Premium Motor Spirit (petrol) reached a record high of N679.36 in February.
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The report indicates a significant increase of 157.57% from the previous year’s average price of N263.76 per liter.
Experts believe that the sharp rise in petrol prices has been attributed to a variety of factors, including the ongoing global energy crisis and increased demand due to rising economic activity.
