• Subsidy removal: Petrol consumption drops by 30%, says Kachikwu

    Subsidy removal: Petrol consumption drops by 30%, says Kachikwu

    It was gathered that the deregulation of the downstream oil sector and the increase in the pump price of Premium Motor Spirit from N86.5 per litre to N145 have led to the reduction in the consumption of the product by 30 per cent across the country, the Federal Government has said.

    This is coming as the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, formally handed over the position of Group Managing Director of the Nigerian National Petroleum Corporation to […]