Petrol Price Increases to N151.56 Per Litre

Gas pump with a drop of gasoline fuel.

… as Oil Marketers Deny FG on N5.35bn  Subsidy payment

Gas pump with a drop of gasoline fuel.

The Federal Government has from  September 2, 2020, increased to N151.56 , the pump  price of a litre of  petrol , otherwise called premium motor spirit(PMS).

The new development was contained in a memo released by the Pipelines and Product Marketing Company (PPMC) and signed by D.O Abalaka.

The PPMC statement 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 N151.56k per litre from September 2, 2020”.

This is as the oil marketers have denied receiving petrol subsidy payments, amounting to about N5.35 billion  in June 2020  from  Nigerian National Petroleum Corporation (NNPC).