Because the landing cost of Premium Motor Spirit (PMS), or gasoline, has increased to an astounding ₦978 per litre, Nigerians are still experiencing a shortage of fuel.
The results of Naija News show that the landing cost of petrol, including its international pricing, shipping, insurance, and other charges, has increased from ₦720 per litre in October 2023 to ₦978 per litre, with a black-market exchange rate of ₦1,500 per dollar.