The Nigerian National Petroleum Corporation (NNPC) through its subsidiary, the Petroleum Products Marketing Company (PPMC), has raised the ex-depot price of Premium Motor Spirit (PMS), also known as petrol.
This was made known in an internal memo dated November 11, 2020, and signed by one Tijjani Ali.
Also Read: The pump price of petrol is now N151.56 per litre
The PPMC reportedly increased the price to N155.17 per litre from N147.67 per litre, with effect from today, Friday.
Recall that back in September, marketers across the country adjusted their pump prices to between N158 and N162 per litre to reflect the increase in global oil prices following the deregulation of petrol prices.
The post BREAKING: NNPC Raises Petrol Depot Price, Marketers To Sell At N168-N170/Litre appeared first on Information Nigeria.