Petrol is now N151.56. The increment was made when other countries are adopting measures to reduce the effects of COVID-19 lock down on their citizens.
Just in case those who led the Save Nigeria protests across Nigeria during PDP govt of Jonathan are not aware.
I warned.
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, had on Wednesday increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N151.56 per litre from N138.62 per litre.
This was disclosed in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by D.O Abalaka.
The ex-depot price is the price at which the product is sold to marketers at the depots.
The 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 from September 2, 2020.”
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