Nigeria: Diesel to trade near N1500/litre as oil prices increase

Posted by - September 29, 2023

The Federal Government will incur more subsidies on premium motor spirit (PMS), otherwise called petrol, in the coming weeks as the price of crude oil price, jumps to a record high of $97 per barrel. Manufacturers and business owners may also witness an exponential rise in their cost of production as the prevailing situation may