The Federal Government has increased petrol pump price from N143.80 per litre to N151.56.
This was announced in a circular relased by the Pipelines and Product Marketing Company (PPMC) to marketers on Wednesday.
The memo which was signed by D.O Abalaka 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 takes effect from September 2, 2020.”