Consumers of gasoline (petrol) in Nigeria, West Africa, will be paying more for the commodity in September, energynewsafrica.com can report.
This is because the Petroleum Products Marketing Company (PPMC), a subsidiary of Nigeria National Petroleum Corporation (NNPC) has increased the price of petrol from N138.62 per litre to N151.56 (0.39 cents) per litre.
The PPMC announced the new price in a memo to industry stakeholders.
”Please be informed that a new product price adjustment has been effected on our payment platform,” it said.
”To this end the price of premium motor spirit (PMS) is now one hundred and fifty one naira, fifty six kobo (N151.56) per litre.
”This is effective 2nd September, 2o2o.”