The price of a 50kg bag of rice has dropped to an average of N54,000 following rumours of alleged deadly rice in circulation. The drop is also a result of the oversupply of the staple from India, according to a report by S&P Global, reports Punch. It was gathered that the price of the commodity…
Oil marketers have predicted a significant drop in petrol prices following the revival of the Port Harcourt and Warri refineries by the federal government. The National Public Relations Officer of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Dr. Joseph Obele, made the disclosure in a statement on Saturday. He said the refineries…
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. The PUNCH gathered that marketers raised petrol and diesel prices at depots by N43 or 4.74 per cent due to the rising crude oil prices. Recall that the cost of Brent, the global benchmark for crude,…
The price of Premium Motor Spirit (PMS), popularly known as petrol is expected to go up in the coming days due to the increased cost of crude oil. As of Monday, the price of Brent crude oil is $81.09 per barrel. This is higher than the $76 it was last week It should be noted…
