The Federal Government of Nigeria is in a dilemma over the rising prices of crude oil in the international market and the attendant spike in the pump prices of petroleum products, especially Premium Motor Spirit (PMS), Business Hallmark can report.
Owing to the continued rise in the prices of Brent crude crude, which sustained its 6-week high of $86.81 at the close of trading on Friday, August 11, 2022, the price of gasoline climbed to its highest level of $989.75 per metric ton (MT) at the close of Friday, August 11 trading session.
