NNPC hikes petrol ex-depot price to N155, marketers to now sell at N168

The Petroleum Products Marketing Company (PPMC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has hitched up the ex-depot price of Premium Motor Spirit (PMS) also called petrol.

It increased the rate at which it sells the product to marketers, from N147.67 per litre to N155.17, equivalent to a 5.1% hike.

Marketers are to sell petrol at a price anywhere between N168 and N170 with effect from Friday (today), a memo signed by Tijani Ali, PPMC Marketing manager said.

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