The Pipelines and Product Marketing Company (PPMC), has increased the pump price of petrol.

PPMC, the 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.

“Please be informed that a new product price adjustment has been effected on our payment platform, Abalaka said

“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,” Abalaka explained further.