Nigeria, Africa’s biggest crude oil exporter, has hiked the ex-depot price for Premium Motor Spirit (PMS) also known as petrol by N5.32 per litre. The country’s Pipelines and Products Marketing Company (PPMC), which is a subsidiary of the Nigerian National Petroleum Corporation (NNPC), approved the new ex-depot price for petroleum products for the month of August in a memo released to all depots and marketers sighted by Platforms Africa on Wednesday morning. Ex-depot price is the price that the product is sold at the depot for marketers. It largely…
Read MoreNigeria hikes Petrol ex-depot Price by N5.32 per litre
