By Dayo Omoogun
The Petroleum Products Marketing Company, PPMC, has once again raised the ex- Depot price from N147.67 to N155.17.
This increase according to an internal memo signed by Tijjani Alli, takes effect from Friday ( today) and it will definitely instigate pump price increase.
The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.
In September, pump price band rose to between N158 and N162, following government’s price deregulation policy.