A memo was released by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
The Petroleum Products Pricing Regulatory Agency has announced a new price band of N151.56 per litre for Premium Motor Spirit also known as petrol.
“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 takes effect from September 2, 2020.”