Petrol depot price increased to N151.56/litre

NEWSMAN, Abuja- Ex-depot price of Premium Motor Spirit, also known as petrol has been increased to N151.56 per litre from N138.62 per litre.

The ex-depot price is the price at which the product is sold to marketers at the depots.

Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC) disclosed in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by D.O Abalaka, PUNCH reported.

“Please be informed that a new product price adjustment has been effected on our payment platform”, the Memo revealed.

”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 is effective from September 2, 2020.”

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