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PPMC increases fuel pump price to N151.56 kobo per litre

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The Petroleum and Products Marketing Company (PPMC) has increased the pump price of fuel otherwise known as premium motor spirit (PMS) from 148.50k to N151.56 per litre.

In a circular dated 2nd September, 2020, ref. PPMC/1B/LS/020 which was signed by Mr. D.O. Abalaka, Depot Manager, and obtained by CAPITAL POST in Abuja said the adjustment takes effect from 2nd September, 2020.

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The circular 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 Hindred and Fifty one naira, fifty-six kobo (N151.56k).

The circular which emanated from Ibadan Depot was a follow up of the development from the headquarters of PPMC in Abuja.

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The price increase was coming in less than two months that the pump price was initially adjusted to N148.50 kobo per litre.

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