Again, FG increases Fuel Pump Price To N151Per Litre

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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.

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