Price Of Petrol Increased To N151.56 Per Litre!
Price of petrol has been increased to N151.56 per litre with effect from Wednesday, September 2nd, 2020. This was disclosed in an internal memo issued by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
The internal 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 (N151.56) per litre. This is effective 2nd September 2020.”
In March, the Federal Government had announced that the pump price of petrol would be determined by market forces, stating that how much Nigerians would pay would be largely determined by the international prices of crude oil.