Facebook Twitter Instagram
    Trending
    • Nigeria Records 922 Cholera Cases, 32 Deaths
    • Fake LASTMA Officer Jailed Two Years
    • Zoom Activates ‘Catching Up’ Features For Latecomers
    • Naira Scarcity: NLC Suspends Planned Nationwide Strike
    • I ‘ll Retire From Boxing If Jermaine Franklin Defeats Me – Anthony Joshua
    • Paystack Co-Founder Shola Akinlade Buys Danish Club, Aarhus Fremad
    • Two Nigerian Artistes To Perform In Spain 2023 Summer Festivals
    • Unverified Twitter Users Lose Access To Poll Features
    Facebook Twitter Instagram YouTube
    Sync News NigSync News Nig
    • NEWS
      • Business & Economy
      • Politics
      • Banking & Finance
      • Tech & Innovation
      • Health
      • World
    • BRAND NEWS
    • SPORT
      • Football
      • Boxing
      • Basketball
    • ENTERTAINMENT
      • Celebrities
      • Music
      • Movies
    • FEATURED
    • TRAVELS & LIFESTYLE
      • Beauty &Health
      • Fashion
      • Food, Travel, Arts & Culture
      • Relationships & Weddings
    • SYNC TV
    Sync News NigSync News Nig
    Home»News»NNPC Increases Petrol Pump Price To N151.56 Per Litre
    News

    NNPC Increases Petrol Pump Price To N151.56 Per Litre

    Deborah AdegokeBy Deborah AdegokeSeptember 2, 2020Updated:September 2, 2020No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N151.56 per litre from N138.62 per litre.

    This was disclosed in an internal memo from Ibadan depot to all stakeholders with reference number PPMC/IB/LS/020 dated September 2, 2020 and signed by D.O Abalaka.

    The ex-depot price is the price at which the product is sold to marketers at the depots.

    The PPMC internal memo 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 (N151.56) per litre. This is effective 2nd September 2020.’’

    This is coming barely a day after the Managing Director of 11 Plc (formerly Mobil Oil Nigeria Plc), Adetunji Oyebanji, who also doubles as the Chairman of the Major Oil Marketers Association of Nigeria, said that the pump price of petrol should be closer to N155 per litre.

    The marketers had been selling petrol at a retail price of between N148 and N150 per litre, while the Nigerian National Petroleum Corporation (NNPC) through its retail outlets have been selling at N145 per litre in August as the Petroleum Products Pricing Regulatory Agency (PPPRA) remained silent.

    Nigerian National Petroleum Corporation NNPC Petroleum Products Marketing Company
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Deborah Adegoke

    Related Posts

    Nigeria Records 922 Cholera Cases, 32 Deaths

    March 28, 2023

    Fake LASTMA Officer Jailed Two Years

    March 28, 2023

    Naira Scarcity: NLC Suspends Planned Nationwide Strike

    March 28, 2023

    Leave A Reply Cancel Reply

    Recent Posts
    • Nigeria Records 922 Cholera Cases, 32 Deaths
    • Fake LASTMA Officer Jailed Two Years
    • Zoom Activates ‘Catching Up’ Features For Latecomers
    • Naira Scarcity: NLC Suspends Planned Nationwide Strike
    • I ‘ll Retire From Boxing If Jermaine Franklin Defeats Me – Anthony Joshua
    Recent Comments
    • buy cheap neurontin on TAJBank Launches e-Commerce Business ‘TAJMall’
    • FUCK SHEMALES on TAJBank Launches e-Commerce Business ‘TAJMall’
    • TRAVESTIS BAHIA on TAJBank Launches e-Commerce Business ‘TAJMall’
    • vivo slot on Ondo Deputy Governor Officially Resigns From PDP
    • lina on Edo 2020: Court Bars Gov. Obaseki From Participating In PDP Primary
    Archives
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • March 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • December 2018
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Facebook-f Twitter Instagram
    • Banking & Finance
    • Business & Economy
    • Health
    • Politics
    • World
    • Tech & Innovation

    Copyright ©, 2020-2021 syncnewsng.com. All Rights Reserved