The Federal government has announced an increased in petroleum pump price, otherwise known as PMS, to N151.56 per litre.
This Pipelines and Product Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, made the announcement in a statement on Wednesday.
“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 N151.56k per litre.”
“This takes effect from September 2, 2020,” the statement reads.