Unic Press UK: The Petroleum Products Marketing Company (PPMC) said Wednesday that a new premium motor spirit price of ₦151.56 per litre has come into force.
In an internal memorandum, reference PPMC/IB/LS/020 and dated 2 September 2020, signed by D. O. Abalaka of Ibadan depot, the PPMC said the new ex-depot price takes effect 2 September 2020, where ex-depot is the price the product marketers pay to depot owners for the product.
Quite recently, precisely last month August 5, the PPMC – a subsidiary of the Nigerian National Petroleum Corporation (NNPC) – had declared an ex-depot price increase.
