The pump price of premium motor spirit (PMS) otherwise known as petrol has been increased to N151.56 per litre with effect from today.
This was disclosed in an internal memo 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. Abalaka.
“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,” the PPMC internal memo reads.