• Subsidy On Petrol Rises To N9.09 Per Litre

    Subsidy On Petrol Rises To N9.09 Per Litre

    The amount the Federal Government is subsidizing Premium Motor Spirit (PMS), also known as petrol, rose, yesterday, to N9.09 per litre, according to the latest pricing template released by the Petroleum Products Pricing Regulatory Agency, PPPRA.

    Specifically, this means that if the Federal Government was to hands-off subsidizing the product and allow market forces determine the price, Nigerians would be made to pay a minimum of N95.09 to purchase a litre of the petrol from Nigerian National Petroleum Corporation’s (NNPC) retail […]