Breaking: FG increases petrol price again to ₦151.56 per litre
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new price of ₦151.56 per litre for Premium Motor Spirit (PMS), popularly called Petrol.
Daily Times Nigeria reports that was contained in a memo released by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
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The memo states, “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 takes effect from September 2, 2020.”
Recall that in March, in a directive on behalf of the President, the Minister of State for Petroleum Resources, Mr Timipre Sylva, said that enforcement of compliance by petroleum marketers is to be enforced by NNPC and the Petroleum Product Pricing Regulatory Agency (PPPRA).
