Naira-for-crude: Petrol price hike looms as talks drag, imports rise

The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of imported PMS has increased again, amid the recent rise in the importation of the commodity, The PUNCH reports.

The surge in imported petrol is coming amid the Dangote refinery’s suspension of the sale of petroleum products in naira to local marketers following the Federal Government’s alleged refusal to continue the naira-for-crude…