NNPC Hikes Petrol Price To N151.56 Per Litre – AutoReportNG
Connect with us


NNPC Hikes Petrol Price To N151.56 Per Litre



Spread the love

The pump price of premium motor spirit (PMS) otherwise known as petrol has been increased to N151.56 per litre with effect from September 2, 2020.


This was disclosed in an internal memo which was seen by AutoReportNG.com and issued by the Pipeline and Product Marketing Company (PPMC), Ibadan depot, to all the stakeholders on September 2, 2020, and signed by the Depot Manager, D.O. Abalak

According to the memo, it 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 one hundred and fifty-one naira, fifty-six kobo (N151.56) per litre. This is effective 2nd September 2020.

This is coming barely a day after the Managing Director of 11 Plc (formerly Mobil Oil Nigeria Plc), Adetunji Oyebanji, who also doubles as the Chairman of the Major Oil Marketers Association of Nigeria, said that the pump price of petrol should be closer to N155 per litre.

The marketers had been selling petrol at a retail price of between N148 and N150 per litre, while the Nigerian National Petroleum Corporation (NNPC) through its retail outlets have been selling at N145 per litre in August as the Petroleum Products Pricing Regulatory Agency (PPPRA) remained silent.

Following the deregulation of the downstream sector and the removal of fuel subsidy by the Federal Government, the PPPRA had disclosed that it would on a monthly basis, advise the NNPC and the oil marketers on the guiding retail price at which petrol would be sold across the country.

Spread the love

AutoReportNG is your one-stop place for quality news on roads, cars, and anything pertaining to mobility. We keep track of all current news in road, rails, and aviation. We are known to true, factual and investigative news.


FAQ und Support-Chat helfen euch ebenso weiter wie die einfache Menüführung. casino spielen Auch das Feuer speiender berg (umgangssprachlich) Las vegas Bonus Guthaben unterliegt natürlich solchen Konditionen. https://vulkan-vegas.de Der Bonusbetrag ergibt sich” “mit jeder zeit aus deinem Gesamtwert der Einzahlungen kklk Tages geteilt durch Fünf. vom vulkan So sind sowohl Freispiele als auch kleinere Bonusguthaben für pass away nächste Einzahlung möglich. vulkan vegas