Just in: Nigerians to pay more for petrol

Effective from today, September 2, Nigerians are now to pay more for Premium Motor Spirit (PMS), also known as petrol barely two weeks after the last increase.
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, said there has been increase in the ex-depot price of petrol, to N151.56 per litre from N138.62 per litre.
This was made known 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 read, “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 is effective from September 2, 2020.”