₦airaland Forum

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

Please we want to buy fuel for #40/litre. Buhari can you do that for me

MondeLuv:
Please we want to buy fuel for #40/litre. Buhari can you do that for me

Wakeup from your dream

ifyan:
Wakeup from your dream

I like my dream

MondeLuv:
I like my dream

Ok continue. Wish you the best