• FG subsidises petrol with N12.88 per litre

    FG subsidises petrol with N12.88 per litre

    According to reports, the Federal Government has said it would pay subsidy on petrol from the recoveries made in the first quarter of this year.

    This is contained in the latest Petroleum Product Pricing Regulatory Agency (PPPRA) template released in Abuja. It said  between January and March, the Federal Government was able to save about N10 billion as a result of selling the product above the Expected Open Market Price.

    According to the new template, the expected open market price of the petrol […]