Petrol Pump Price Hits N170 Per Litre In Nigeria [See Why!]

Reports reaching Brainnews has it that the petrol pump price in Nigeria has hit N170 per litre.

Petrol Pump Price Hits N170 Per Litre In Nigeria
File Photo

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed marketers to sell the Premium Motor Spirit (PMS) for N170 per litre, The Nation has said.

The instruction followed Thursday’s night announcement of N155.17 ex-depot price to the marketers.

IPMAN National Vice President, Alhaji Abubakar Maigandi, said: “The PPPMC ) last midnight told us that the ex-depot price is now N155. 17 per litre. We have directed our marketers to sell for N170 per litre.”

He also noted the price will still depend on the forces of demand and supply.

NNPC had not announced the price for two months because, according to it, the announcement always generates issues.

Brainnews

Eyo Nse is a creative writer, blogger and a software engineer.He is a simple individual who loves to see others succeed in life.Mr Wisdytech as he is popularly known - started blogging in the early 2000's.