By Tayo Alabi
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit to N151.56 per litre.
This was contained in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020, titled: Product Pricing and signed by D.O Abalaka.
A copy of the memo which was sighted by SINL Nigeria read, “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.
“This is effective from September 2, 2020.”