By Etuka Sunday
The Federal Government has again adjusted the Pump Price of petroleum from 148.50 per litre to N151.56 per litre, a memo by the Pipelines and Product Marketing Company (PPMC) has so indicated.
PPMC , a subsidiary of the Nigerian National Petroleum Corporation (NNPC), said, the the change , “This takes effect from September 2, 2020.”
The Memo to the stakeholders was signed by, D.O Abalaka of the PPMC, titled, RE: PRODUCT PRICING and dated September, 2nd.
PPMC Memo said: “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, 2nd September, 2020,” the Memo said.
Recall, the petrol pump price in August was N148.50 per litre.
Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.
