PMS Prices Explained: What You Need to Know

If you drive or use fuel regularly, changes in PMS prices grab your attention fast. PMS, or Premium Motor Spirit, is basically petrol, and how much it costs at the pump affects your day-to-day life. Understanding why these prices move and what influences them helps you plan better.

Fuel prices don’t just shift randomly. They follow the global oil market, local taxes, and government regulations. For instance, in June 2025, the Energy and Petroleum Regulatory Authority (EPRA) in Kenya raised petrol prices while dropping diesel and kerosene costs. Such moves directly impact what you pay and reflect bigger trends in supply and demand.

Why Does Petrol Price Go Up When Diesel Drops?

It might seem odd that petrol increases while diesel falls, but the fuels serve different markets and react to distinct forces. Petrol price hikes often come from refined product shortages or increased oil prices globally. At the same time, diesel and kerosene could get cheaper due to surplus stocks or reduced taxes. So, your car’s fuel bill depends on a mix of these shifting factors.

Also, taxes on fuels can change depending on government policy. Sometimes, to balance budgets or encourage certain energy uses, authorities adjust levies on petrol and diesel differently. Keep an eye on official announcements because these tweaks affect your wallet.

How Can You Ease the Impact of Rising PMS Prices?

Rising petrol prices might make you grimace, but there are ways to manage the pinch. Simple steps like carpooling, using public transport, or planning your trips smartly can reduce fuel consumption. Also, maintaining your vehicle properly ensures better mileage, saving you money in the long run.

For businesses relying on fuel, staying informed about price trends helps in budgeting and avoiding surprises. Following trusted news sources like Beyond the Cube Daily News is a good way to get timely updates and understand what’s driving these changes. That way, you’re not just reacting to price bumps but planning ahead.

In short, PMS prices are more than numbers on a board at the gas station—they reflect global events, local policies, and market moves. By knowing the basics, you can make better choices and handle fuel price shifts without the stress.

NNPC Ltd Unveils New PMS Pump Prices from Dangote Refinery for September 2024
By Karabo Ngoepe
NNPC Ltd Unveils New PMS Pump Prices from Dangote Refinery for September 2024

NNPC Ltd has announced the estimated pump prices of Premium Motor Spirit (PMS) sourced from Dangote Refinery for September 2024. The prices vary across Nigeria, with Lagos seeing N950.22 per liter and the highest in Borno at N1,019.22. These prices were negotiated based on international gasoline rates and foreign exchange factors.