By Chris Udochukwu
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.