Prices of Premium Motor Spirit (PMS), otherwise known as petrol is beginning to rise across petrol stations nationwide amid a sharp surge in global crude oil prices above the $80 per barrel threshold. The development comes following a report by the Petroleumprice.ng, that the Dangote Petroleum Refinery & Petrochemicals had increased the ex-depot price of petrol from ₦774 to ₦874 per litre, representing a ₦100 hike. An economist, Paul Alaje, on Monday, warned that petrol prices in Nigeria could climb to about ₦1,000 per litre if the ongoing conflict involving the United States, Israel, and Iran is not effectively managed. Alaje, who is the Chief Economist at SPM Professionals, appeared on Channels Television’s Politics Today, against the backdrop of escalating geopolitical tensions in th...