The Federal Government have once again increased approved the increment of the Premium Motor Spirit (PMS), also known as Petrol.
It was gathered that the commodity now sells at N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC.
In a statement by, D.O Abalaka of the PPMC, stated: “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.”
He added: “This takes effect from September 2, 2020.”