The PPM is the downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC.
The notice of the increase in pump price of Petroleum Motor Spirit, PMS, was obtained in a statement from PPMC obtained by The Trent on Wednesday, September 2, 2020.
The statement signed by D.O Abalaka said: “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.”
This will be the second time within a space of one month that there has been a change in petrol price.