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Topic: Fuel subsidy rises to N500bn, NNPC rules out price hike  (Read 1474 times)

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Fuel subsidy rises to N500bn, NNPC rules out price hike
« on: April 20, 2021, 01:02:59 PM »
Fuel subsidy rises to N500bn, NNPC rules out price hike

With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the period. The PUNCH had reported on January 11 that the sustained increase in global crude…


 
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Source: Fuel subsidy rises to N500bn, NNPC rules out price hike

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