JUST IN….FG anounces increase on price of petrol

The federal government on Wednesday annouced new price increase on petrol to N151.56 from N143 per litre.

This was disclosed in a memorable signed by D. O Abalaka, Depot manager of Pipeline and Product Marketing Company (PPMC) on Wednesday, September 2nd.

The new price takes effect from September 2, 2020.

PPMC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), said the new product price adjustment has been effected on its 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,” the statement read.