NNPC raises petrol depot price to N151.56/litre | AfriTV Online

The Petroleum Products Marketing Firm, a subsidiary of the Nigerian National Petroleum Corporation, raised Premium Motor Spirit 's also known as petrol ex-depot price from N138.62 per litre to N151.56 per liter.   This was reported to all stakeholders...

nigeria, nnpc, petrol

NNPC raises petrol depot price to N151.56/litre

Published by: O. Elijah
09/02/2020 04:56 PM

The Petroleum Products Marketing Firm, a subsidiary of the Nigerian National Petroleum Corporation, raised Premium Motor Spirit 's also known as petrol ex-depot price from N138.62 per litre to N151.56 per liter.

 

This was reported to all stakeholders with reference number PPMC / IB / LS/020 dated 2 September 2020 and signed by D.O Abalaka in an internal memo from the Ibadan depot.

 

The ex-deposit price is the price the commodity is offered to the deposit marketers at. The memo, a copy of which our correspondent saw, said, "Please be told on our payment portal that a new adjustment of the product price has been made.

 

"Premium Motor Spirit (PMS) prices for this reason are now one hundred and fifty-one naira, fifty-six kobo (N151.56k) per litre. This will take effect as from 2 September 2020. 

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