The ex-depot price of petroleum in Nigeria has increased from N147.67 per litre to N155.17 per litre. Petroleum Products Marketing Company (PPMC), a subsidiary of the as it has taken effect. Nigerian National Petroleum Corporation (NNPC) increased the ex-depot price which will now see the 7 naira increase translate to retail pump prices settling for N170 per litre. This information was disclosed by the PPMC through an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijani Ali.
Nigerians from today, Friday, November 13, 2020, are now faced with the harsh economic reality of increased fuel price
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