The Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC has announced that price of petrol has been increased to N151.56 per litre.
A memo by D.O Abalaka of the PPMC thus reads:
“Please be informed that a new product price adjustment has been effected on our payment platform.
“To this end, the price of Premium Motor Spirit (PMS) is now one hundred and fifty-one naira, fifty-six kobo (N151.56k) per litre.”
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He added: “This takes effect from September 2, 2020.”