Damilola Shittu – Abuja
The Federal Government has fixed ex-depot price of petroleum at N138.62, an increase of N6 from its previous N132 – N133.
This means a litre of petrol may be increased from N143 to N149.
The new ex-depot price was contained in an internal memo by the Pipelines and Products Marketing Company seen by our reporter yesterday night.
![](https://energyworthonline.com.ng/wp-content/uploads/2020/08/petrol-price-hike-fuel-566x367-2.jpg)
Though the Petroleum Products Pricing Regulatory Agency met with oil marketers Tuesday afternoon, it neither announced new pump price of petrol nor the ex-depot price of Premium Motor Spirit.
In the PPMC memo dated August 4, 2020 with reference number PPMC/CSD/DOM/0136 titled PPMC Petroleum Products Prices for August 2020, the agency also fixed Liquefied Natural Gas ex-depot price at N110.
The memo which was signed by the PPMC sales manager, Mohammed Bello, also fixed ex-coastal price of petroleum at N113.70.
The president of Independent Petroleum Marketers Association of Nigeria (IPMAN) Chinedu Okonkwo, confirmed the new prices to newsmen last night.