Pipelines and Product Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of petrol to N151.56 per litre.
PPMC, in a terse statement signed by one of its officials identified as D.O 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 litre.
“This takes effect from September 2, 2020.”