The Petroleum Products Marketing Company (PPMC), has again adjusted the ex-depot price of premium motor spirit (PMS), known as petrol.
The PPMC in a memo signed by its Manager, Sales, Mohammed Bello, in Abuja, on Tuesday announced a new ex-depot price of N138.62 per litre for the product.
The ex-depot price is the price at which depot owners sell the product to retail outlets.
According to the memo, the new price will commence today, August 5.
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Also, the regulatory agency announced a new ex-coastal price for fuel, which it put at N113.70 per litre.
The ex-coastal price is the price at which the product is sold to depot owners.
Also affected by the price adjustments are automotive gasoline oil (AGO), otherwise known as diesel and Kerosine.
The new ex-depot price for diesel is N160 per litre and N165 per litre, for depots in Lagos and Oghara respectively, while the ex-depot price for kerosene is N160 per litre.
