Petrol Subsidy Gone Forever, Says Kyari   The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Monday. Kyari, who spoke during a live programme on African Independent Television, stated that with the current fluctuations in...

Petrol Subsidy Averages N45.87/litre As Oil Prices Drop   The Federal Government currently incurs an average of N45.87 as subsidy on every litre of petrol consumed in Nigeria, as industry data obtained on Wednesday showed decline in global crude oil prices. According to figures from the Petroleum...

Oil price: FG Revenue Shrinks As Petrol Subsidy Rises …workers, contractors risk delayed pay   Lower amounts of revenue might be available for sharing by the three tiers of government through the Federation Accounts Allocation Committee (FAAC) in the coming months as the cost borne by the...

Petrol Subsidy Now N47.5/litre As Oil Price Hits $67.86   The subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per litre as the expected open market price of the commodity hit N180.78 on Monday, latest data from the Petroleum Products Pricing...

Fuel Consumption Now 67.66m litres/day, Subsidy Gulps N10.1bn   The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to daily consumption figures recorded in September 2019. According to the Petroleum Products Pricing Regulatory Agency, latest weekly...

2020: Nigeria To Spend N750.81bn On Fuel Subsidy   The Federal Government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing Regulatory Agency have shown. For more than two years, the Nigerian National Petroleum Corporation has shouldered petrol subsidy’s...