FG Subsidy On Petrol Increases, Says PPPRA - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › FG Subsidy On Petrol Increases, Says PPPRA (509 Views)
| FG Subsidy On Petrol Increases, Says PPPRA by ifyan(op): 10:39am On May 04, 2016 |
Now pays N12.88 per litre Plans 7000MW electricity boost in 18 months The federal government is now paying between N12.62 and N12.88 as subsidy for every litre of petrol consumed by Nigerians, the updated pricing template of the Petroleum Products Pricing Regulatory Agency (PPPRA) has shown. The template, which was released monday by the PPPRA in Abuja, indicates that the gradual rise in subsidy paid to oil marketers for bringing products into Nigeria was necessitated by the recent increase in crude oil price to about $47 a barrel. This means that for every litre of petrol consumed by Nigerians, the federal government would pay subsidy of N12.88 to the independent markets, while the Nigerian National Petroleum Corporation (NNPC) gets N12.62 for selling below the expected open market price. Read more@http://www.nairausd.com/2016/05/fg-subsidy-on-petrol-increases-says.html?m=1 Twitter@nairausd
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| Re: FG Subsidy On Petrol Increases, Says PPPRA by Nobody: 10:43am On May 04, 2016 |
Please we want to buy fuel for #40/litre. Buhari can you do that for me  |
| Re: FG Subsidy On Petrol Increases, Says PPPRA by ifyan(op): 10:58am On May 04, 2016 |
MondeLuv:Wakeup from your dream |
| Re: FG Subsidy On Petrol Increases, Says PPPRA by Nobody: 11:09am On May 04, 2016 |
ifyan:I like my dream  |
| Re: FG Subsidy On Petrol Increases, Says PPPRA by ifyan(op): 11:56am On May 04, 2016 |
MondeLuv:Ok continue. Wish you the best |
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