The price of petrol has been increased to N151.56 per litre from N148 per litre, according to the Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation.
In a statement on Wednesday, D.O Abalaka of the PPMC said that a new product price adjustment has been effected on its payment platform.
It, therefore, advised oil marketers of the new price of one hundred and fifty-one naira, fifty-six kobo (N151.56k) per litre, which takes effect from September 2, 2020.
“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.” The statement read.