As Nigerians still grapple over tripple increase in electricity tariff, the Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of Premium Motor Spirit to N151.56 per litre.
This is coming less than 45 days after it earlier increased the price to N141 per litre.
PPMC is a subsidiary of the Nigerian National Petroleum Corporation.
In an internal memo to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020, titled: Product Pricing and signed by D.O Abalaka, the agency stated, “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 from September 2, 2020,” the memo added.