PORT HARCOURT ANNOUNCED SELLING OF PREMIUM MOTOR SPIRIT (PMS) AT N150 PER LITRE

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PORT HARCOURT – MOST fuel outlets have commenced the sale of Premium Motor Spirit (PMS) at N150 per litre in Rivers state following recent price adjustments.

Filling stations including Conoil by Mile 1, Education Bus Stop monitored in Port Harcourt were seen dispensing PMS, also known as petrol, at new rates with hardly any resistance from fuel consumers. Public Affairs commentator, Ese Komone, however, said, “It’s not fair. Retailers are always fast with pump price adjustments when the review is upward.

“It’s a different ball game when the review is downward. Beyond that, the adjustment upward is not always commensurate with the situation when crude oil prices drop in the global market. “Remember prices dropped to its lowest level, near-zero, in the heat of Covid-19. Imagine the insignificant reduction in pump price we had, which didn’t even last, compared to the upward review we now have.”


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