According to Pipelines and Product Marketing Company (PPMC), the new price of petrol have been increased to N151.56.
A statement written by D.O Abalaka, the Depot Manager of the PPMC, 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”
“This takes effect from September 2, 2020.
We have directed all operators to abide accordingly.
This is coming barely a month after the Federal Government increased the fuel pump price from N141 to N149 per litre.