Petrol Landing Cost Hits N216, Daily Subsidy Now N4.64bn The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the...

FG'll Consult Widely Before Petrol Subsidy Removal – NNPC       The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said. On Monday, The Economic Confidential reported that the NNPC might spend N102.96bn...

Petrol Subsidy To gulp N102.96bn In March         The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory Agency, on Thursday published the expected new lower and...

Petrol Subsidy May Hit N11.2bn Per Week       The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as the rise in global oil prices pushed up the landing cost of the product. On February 5, when oil...

Fed Govt Forecloses Petrol, Electricity Subsidies         The Federal Government is not subsiding Premium Motor Spirit, popularly called petrol and has no plan to do so, Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Tuesday. She also stated that the government did not make...

Petrol Subsidy Gulped N8.94trn In 10 Years - PPPRA     The Federal Government spent N8.94tn on petrol subsidy between 2006 and 2015, figures released by the Petroleum Products Pricing Regulatory Agency on Monday showed. Data from the PPPRA showed that during the 10-year period, the government consistently...