The Federal Government has announced the increment of the pump price of the Premium Motor Spirit.
The announcement was made known to the public through the Pipeline and Product Marketing Company (PPMC), on Wednesday. PPMC which is a subsidiary of the Nigeria National Petroleum Corporation, NNPC confirmed that the new PMS is now N151.56 per liter.
The PPMC announced that the new pump price of the PMS is now N151.56 per liter.
A statement which was signed by, D.O Abalaka of the PPMC which is titled RE: PRODUCT PRICING, was dated September,2nd, 2020.
The statement read thus: “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 liter.”
The statement concluded by affirmed the effect of the increment of the pump price of the PMS, it stated that “This takes effect from September 2, 2020.”
Recalled that the petrol pump price had sometimes in August placed by the FG at N148.50.