Price modulation pays off as average household spend on PMS dips 7.7%

by | June 15, 2016 12:00 am

The decision by policy makers in oil producing Nigeria to deregulate the downstream petroleum sector is beginning to yield dividends, as the average monthly price paid by households fell 7.70 percent in May. According to the Premium Motor Spirit (PMS) report published Tuesday, Nigerians spent less on petrol in the month of May (Month on…

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