Again, FG Increases Pump Price of Fuel to N151.56/Ltre

By Chris Udochukwu

Abuja (Precise Post) – Again, the Federal Government has announce increase in pump price of petrol.

The pump price has been increased to N151.56 per litre, with effect from (today) 2nd September 2020.

This is contained in a statement released by the Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC.

In a statement by D.O Abalaka,the PPMC 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.”

Precise Post recalls that this is about the third time the federal government will alter the pump price within the year.

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