PPMC Raises Petrol Depot Price To N151.56 Per Litre

No public statement has however been made from either the PPMC or marketers on what the pump price of PMS will be from September 2, 2020.

The new price was arrived at after extensive review of market realities by the PPMC internal price review unit / Photo credit: Businessday
The new price was arrived at after extensive review of market realities by the PPMC internal price review unit / Photo credit: Businessday

The Pipeline Products Marketing Company (PPMC) has increased the depot price of Petroleum Motor Spirit to N151.56 per litre.

This was contained in a September 2, 2020, memo to marketers informing that a new product price adjustment has been effected on our payment platform.

READ ALSO: BREAKING: FG Increases Petrol Pump Price

The memo signed by D.O Agbalaya, Depot Manager read, “To this end the price of premium motor spirit (PMS) is now one hundred and fifty one naira, fifty six kobo (N151.61) per litre.”

The price adjustment, he said, would take effect on September 2, 2020.

READ ALSO: FG Slashes Petrol Pump Price To N123.50k

No public statement has however been made from either the PPMC or marketers on what the pump price of PMS will be from September 2, 2020.

Consumers were paying anything from N148.30 and N150 per before the new price adjustment.

Written by The Interview Editors

The Interview is a niche publication, targeting leaders and aspiring leaders in business, politics, entertainment, sports, arts, the professions and others within society’s upper middle class and high-end segment in Nigeria.

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