A fresh increase in the retail pump price of Premium Motor Spirit (PMS), otherwise known as petrol appears to be looming as the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has increased the ex-depot price of the product, to N155.17 per litre from N147.67 per litre.

This new adjustment is contained in an internal memo from PPMC with reference number PPMC/C/MK/003, dated November 11, 2020, signed by PPMC’s Manager Marketing, Tijjani Ali and addressed to the Executive Director, Commercial of the agency.