Nigerians to Pay more for Petrol as FG Raises Price from N138 to N151 Per Litre

Nigerians already reeling from the Covid-induced economic downturn now have an additional burden to contend with as the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N151.56 per litre from N138.62 per litre.

The increase in petrol price was disclosed in an internal memo from PPMC’s Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by 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...for further reading, click on

Source: BusinessDay Newspaper       Sept 2, 2020.