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
Source
Linda Ikeji
Featured Image Source: Business Day NG
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