From Bola Ogunlayi, Ibadan
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has announced the new price in a memo to industry stakeholders.
The PPMC increased the price of petroleum product from N138.62 per litre to N151.56 per litre.
The hint was dropped in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by D.O Abalaka.
According to the memo, “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 (N151.56) per litre. ”This is effective 2nd September, 2020.”