Timipre Sylva: Petrol Price Should Be ₦181 Per Litre
September 16, 2020
2:10 pm
The Premium Motor Spirit (PMS), popularly called petrol should be sold for ₦181 per litre, if all costs implications are considered and factored in rather than the present pump price of ₦161; the Federal Government disclosed on Tuesday.
The Minister of State for Petroleum, Timipre Sylva, made this known even as he pointed out that Nigeria lost a total ₦10.413 trillion to subsidy between 2006 and 2019, while between the year 2016 and 2019, the Federal Government lost a total sum of ₦2.193 trillion on subsidy.
Sylva was speaking at the bipartite meeting between the Federal Government and the Organised …
