Federal government announces increase in pump price

The price of petrol has been increased to N151.56 per litre

The pipelines and product marketing company which is a subsidiary of the Nigerian National Petroleum Corporation, made the announcement in a statement.

The statement informs that a new product price adjustment has been effected on the payment platform, saying the price of Premium Motor Spirit (PMS) is now one hundred and fifty-one naira, fifty-six kobo per litre.

It adds that the increase takes effect from today.