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PPMC Jerks up Fuel Price Again - TELL Magazine

PPMC Jerks up Fuel Price Again

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The Petroleum Products Marketing Company, PPMC, Wednesday, announced an increase in the pump price of petrol from N148.62 to N151.56 per litre.

The ex-depot price is the cost at which the product is sold to marketers.

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This was disclosed in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by D.O Abalaka.

The memo states, “Please be informed that a new product price adjustment has been effected on our payment platform.

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“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.”

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