NLC demands reversal of petrol price, set to meet
We are filled with a deep sense of betrayal as the Federal Government clandestinely increases the pump price of PMS
We are filled with a deep sense of betrayal as the Federal Government clandestinely increases the pump price of PMS
President Buhari noted that increase in price of electricity and deregulation of the petroleum sector were crucial decisions that were taken at the beginning of the year, preceding the COVID-19 pandemic, and continuous delay in implementation of the policy of the “Willing Buyer, Willing Seller” and deregulation of the petroleum would be detrimental to the economy, placing the burden of regular light cuts and fuel queues on Nigerians.
The Petroleum Products Marketing Company (PPMC) has increased the ex-depot price of petrol from N138.62 to N151.56 per litre.
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.