FG Increases PMS Price To N151 Per Litre From Depot

The Federal Government has increased the pump price of Premium Motor Spirit popularly known as petrol to N151.56 per litre.

The Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC, said the pump price of petrol has increased to N151.56 per litre.

This was contained in a statement signed by D.O Abalaka of the PPMC.

According to the statement, the new price adjustment has been effected.

Abalaka stated: “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 takes effect from September 2, 2020.”