The PPMC, which is a subsidiary of the Nigerian National Petroleum Corporation (NNPC), announced the new price in a memo to industry stakeholders and signed by the Depot Manager, D.O. Abalaka.
“Please be informed that a new product price adjustment has been effected on our payment platform,” PPMC 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, 2020.”