The Petroleum Products Marketing Company (PPMC) has increased the price of petrol from N138.62 per litre to N151.56 per litre.
The PPMC, which is a subsidiary of the Nigerian National Petroleum Corporation (NNPC), announced the new price in a memo to industry stakeholders.
”Please be informed that a new product price adjustment has been effected on our payment platform,” it said.
”To this end the price of premium motor spirit (PMS) is now one hundred and fifty one naira, fifty six kobo (N151.56) per litre.
”This is effective 2nd September, 2o2o.”