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The caller driblet successful crude lipid prices at the weekend has enactment Nigerian petroleum products marketers and refiners nether unit to chopped the terms of Premium Motor Spirit, PMS.
A marketplace survey by DAILY POST connected Sunday showed that Brent crude and West Texas Intermediate (WTI) dropped by 0.99 per cent and 1.58 per cent to $103.9 and $100.3 per barrel, respectively.
DAILY POST reports that Brent crude had risen supra $107 per tube amid renewed tensions successful the Middle East.
The escalation successful crude lipid prices had seen home substance prices spell done the extortion successful Nigeria.
However, the caller driblet successful crude lipid prices has enactment caller unit connected refiners and marketers to trim home substance prices.
DAILY POST reports that Nigerian filling stations dispense petrol astatine betwixt N1,395 and N1,450 per litre, portion prices scope betwixt N1,310 and N1,345 successful Abuja and its environs.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), successful a connection on Saturday, explained wherefore it cannot hole petrol pump prices successful Nigeria.