The average retail price paid by consumers for Premium Motor Spirt (PMS), also known as petrol, surged to more than 100 percent in one year, according to the National Bureau of Statistics (NBS).
The latest PMS price watch report showed that the price of petrol rose by 157.57 percent, to N679.36 i
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Faith Esifiho and Zainab Aderounmu
Faith Esifiho is an Energy correspondent at BusinessDay, covering Nigeria's electricity sector, oil and gas industry, and energy policy.
She reports on power outages, electricity tariffs, gas sector reforms, and the broader challenges facing the country's energy transition.
She specializes in data-led reporting and human-angle stories that examine how energy policies affect everyday Nigerians and also tracks trends in the power sector, analyses regulatory changes, and investigates the impact of subsidy reforms and pricing policies.
