Petrol hits N1,370/litre as depot prices rise

The pump price of Premium Motor Spirit (PMS), popularly known as petrol, has risen to N1,370 per litre in Lagos, following fresh increases in depot prices across major supply locations.The increase followed sharp movements in depot prices, particularly in Lagos, where A.A. Rano raised its PMS price by N75 to N1,295 per litre, while African Terminal, Aiteo and Integrated increased their prices to about N1,300.