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.
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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.
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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.