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(JUST IN) Petrol Depot Price Increased To N151.56/Litre - NNPC


The ex-depot price of Premium Motor Spirit, also known as petrol, has been increased to N151.56 per litre from N138.62 per litre.

The increase was effected by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, through 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 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 hundred and fifty-one naira, fifty-six kobo (N151.56k) per litre. 

"This is effective from September 2, 2020.”

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