The Petroleum Products Marketing Company(PPMC), a subsidiary of the Nigerian National Petroleum Corporation(NNPC), has increased the ex-depot price of Petrol, to N155.17 per litre from the previous price of N147.67 per litre, and is to take effect from Friday.
The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali. The implication of the increase in the ex-depot price is that there is going to be an increase in the pump price. The pump price is expected to range from N168 to N170 per litre.
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