The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Premium Motor Spirit (petrol) further down to about N800 per litre in the coming weeks or months, oil marketers and industry analysts said on Wednesday. This comes as the Dangote Petroleum Refinery reduced its ex-depot price for PMS to N835 per litre, its second downward adjustment in less than seven days. The industry players, however, pointed out that the N800 per litre price could be achieved if crude…
Read MoreN800/litre Petrol In Sight As Oil Prices Tumble
