The price of PMS popularly known as fuel has now been adjusted from N539 to N617 per litre.
National President of the Independent Petroleum Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, confirmed the development.
He said fuel prices will continue fluctuating depending on market forces.
“That is the regime we are in with removing fuel subsidies. The prices will continue to fluctuate based on market forces and the changes in Dollar in the foreign exchange market. That is why we are pushing for an alternative to fuel”, he said.