Nigerian Govt Increases Petrol Price To N151.56 Per Litre

PPMC stated that the new price regime takes effect from September 2, 2020 and directed all operators to abide accordingly.

Nigerian Govt Increases Petrol Price To N151.56 Per Litre
Petrol

The Pipelines and Product Marketing Company (PPMC), has declared an increment in the pump price of petrol.

PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, said the pump price of petrol has increased to N151.56 per liter.

This was contained in a statement signed by D.O Abalaka of the PPMC.

 

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According to the statement, the new price adjustment has been effected.

Abalaka stated: “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 liter.

“This takes effect from September 2, 2020.”