A liter of Premium Motor Spirit (PMS) which was sold at N120 by independent marketers and the approved pump price of N97 in stations owned by major marketers two weeks ago now sells between N160 and N200 by independent marketers, while black market sells at N300 per litre.
And, no one needs to be told it is always easier to buy the product at black market. As at weekend, apart from North West Petroleum at the Parliamentary extension that had the product and sold at the approved price of N97 with a very long queue, other major marketers in the state capital did not have the product while the independent marketers sold at N200.
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