NNPC increases petrol ex-depot price from N138.62 to N151.56 per litre

Fuel pump prices

The Petroleum Products Marketing Company has increased the ex-depot price of Premium Motor Spirit (petrol) from N138.62 per litre to N151.56 per litre.

The ex-depot price is the cost for petrol at depots.

According to a memo signed by D.O Abalaka with ref. number PPMC/IB/LS/020 dated September 2, 2020, which was sent to all stakeholders, the new price is effective from today.

“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,” the memo read.

Reacting to the development, ex-Governor Ayodele Fayose in a tweet expressed displeasure that the increament came at this challenging time when everyone is fight the COVID-19 pandemic; “Petrol is now N151.56. The increment was made when other countries are adopting measures to reduce the effects of COVID-19 lockdown on their citizens.

“Just in case those who led the Save Nigeria protests across Nigeria during Peoples Democratic Party government of Dr Goodluck Jonathan are not aware. I warned.”



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