The Pipelines and Marketing Products Company (PPMC), has announced an increase in the price of petrol to N151.56 per litre.
Pipelines and Product Marketing Company (PPMC) is a subsidiary of the Nigerian National Petroleum Corporation, NNPC.
This was confirmed in a statement obtained by newsmen and signed by, D.O Abalaka of the PPMC, titled, RE: PRODUCT PRICING and dated September,2nd.
Recall that the petrol pump price in August was N148.50
According to the statement: “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 said , “This takes effect from September 2, 2020.”