By Michael Eboh with Agency Report
The rebound in the price of crude oil in the international market continued yesterday, fuelling fears of a further hike in the price of Premium Motor Spirit, PMS, also known as petrol, in Nigeria.
Specifically, the price of Brent, the benchmark crude oil, rose to $48.89 per barrel yesterday, from $45.52 per barrel recorded last Wednesday, when the Federal Government announced the hike in the price of fuel, representing an increase of 7.2 per cent.
Read more at: http://www.vanguardngr.com/2016/05/fuel-price-hike-looms-crude-oil-hits-48-82barrel/
