Depots have hiked the pump prices of Premium Motor Spirit (petrol) after the escalating tension in the Middle East jerked up the prices of crude oil. The rise was also linked to a strike by tanker drivers along the Lekki-Epe corridor in Lagos.
This came as the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, accused oil marketers of exploiting Nigerians through inflated petrol prices, insisting that the current pump price of PMS should range between N700 and N750 per litre.
