The Federal Government has again adjusted the Pump Price of petroleum from 148.50 per litre to N151.56 per litre, a memo by the Pipelines and Product Marketing Company (PPMC) has so indicated.
PPMC , a subsidiary of the Nigerian National Petroleum Corporation (NNPC), said, the the change , “This takes effect from September 2, 2020.”
The Memo to the stakeholders was signed by, D.O Abalaka of the PPMC, titled, RE: PRODUCT PRICING and dated September, 2nd.
PPMC Memo said: “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 (N151.56k) per litre”.
“This is effective, 2nd September, 2020,” the Memo said.
Recall, the petrol pump price in August was N148.50 per litre.