
Subsidy Would Not Be Removed Without Consultations – NNPC
The Federal Government is going to consult widely before terminating the existing subsidy on Premium Motor Spirit, popularly called petrol, this is according to Nigerian National Petroleum Corporation (NNPC).
Last week, there were reports that the NNPC might spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity.
Findings by news correspondents revealed that Nigeria consumes about 57.44 million litres of petrol daily, while the actual ex-depot cost for the product was ₦206.42/litre.
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But NNPC sells the commodity at an ex-depot price of …















