The Pipelines and Product Marketing Company (PPMC), has announced an increment in the pump price of petrol.

PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, said the pump price of petrol has increased to N151.56 per litre.

This was contained in a statement signed by D.O Abalaka of the PPMC.

According to the statement, the new price adjustment has been effected.

Abalaka stated: “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.”