After the increase in the price of crude oil, marketers dem don dey push for the upward review of the Premium Motor Spirit (PMS) petrol to N150 per litre for the month of August.

Make Una read the tori

The Petroleum Products Pricing Regulatory Agency (PPPRA ) last month announce increase of the product to a band of N140.80 to N143.80 per litre.

Prior to the July 1 hike, the agency had on May 1, approved price band of N121.50 to N123.50 per litre for the product.

Meanwhile, a reliable source at the meeting today told The Nation that the marketers were seeking a further increase in the price owing to the soaring priced of crude oil in the international market.

The Brent Crude that sold for $43.24 per barrel in July sells for $44.03 per barrel.

She said: “We are now in the meeting to fix a new petrol price for the month of August.

“We are asking the PPPRA to approve N150 per litre because the prices of crude oil have increased and there is no subsidy on the product.

“You will hear the announcement of the new price around four o’clock today (Tuesday ).”