PPPRA’s Petrol Landing Cost Drops on Declining Oil Prices
The sharp drop in the price of crude oil appear to have temporarily halted the federal government’s expenditure on petrol subsidy, records from the Petroleum Products Pricing Regulatory Agency (PPPRA) have suggested.
Following the slump in crude...
FG May Save N450bn Subsidy As Petrol Landing Cost Crashes
The sharp drop in crude oil prices on the back of the spread of coronavirus has wiped off subsidy on petrol, with the landing cost of the product hitting a record low.
The expected open market...
Petrol Landing Cost Now N180 per Litre - Kachikwu
The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Tuesday.
Kachikwu said...
