The Nigerian government has increased the price of Premium Motor Spirit, PMS (Petrol gas) to 151.56 naira per litre.
This was disclosed in a statement from the Pipelines and Product Marketing Company, PPMC, a subsidiary of NNPC.
The statement was signed by D.O Abalaka of the PPMC, and reads:
“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 said: “This takes effect from September 2, 2020.”
PMS Fluctuating Price Changes in 2020
March 2020: Due to crude oil crash in the international market, Nigeria reduced PMS pump price from N145 per liter to N125
May 2020: Price adjusted to between N121.50 to N123.50
July 2020: Price adjusted to beteeen N140.80 – N143.80
September 2020: N151.56 per litre
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