November 13th, 2020

Nigeria: Petrol Stations to Sell Fuel At N167-N175/Litre, As PPMC Hikes Ex-Depot Price

The Petroleum Products Marketing Company, one of the downstream subsidiaries of the Nigerian National Petroleum Corporation, NNPC, Friday, hiked the ex-depot price of Premium Motor Spirit, PMS, also known as petrol, by N7.50 per litre to N155.17 per litre from N147.67 per litre previously.
​
The new price would come into effect from November 13, 2020.
The ex-depot price is the amount at which the PPMC sells the commodity at the depot to retail outlets owners and fuel marketers across the country. This means that at N155.17 per litre, marketers would be dispensing the product to motorists at between N167 and N175 per litre, from Friday, November 13, 2020.