Pipelines and Product Marketing Company (PPMC) has disclosed the new pump price of premium motor spirit (PMS) otherwise known as petrol to be N151.56 per litre.
The new pump price takes effect from today September 2, 2020.
The disclosure was made known in an internal memo issued by PPMC and signed by D.O Abalaka.
The PPMC internal memo reads,
‘’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.’’
It is to be noted that as at March, the Federal Government had announced that the pump price of petrol would be determined by market forces, stating that how much Nigerians would pay would be largely determined by the international prices of crude oil.
