8.4 C
New York
Friday, March 29, 2024

Petrol to be sold N537 per litre as Nigerian government removes fuel subsidy

Published:

LATEST NEWS

- Advertisement -

BY SULE TAHIR.

The price of Premium Motor Spirits (PMS) otherwise known as petrol is now N537 as the Nigerian government reportedly removed the fuel subsidy.

Sources close to the Nigerian National Petroleum Company Limited (NNPC Ltd) put petrol price in Abuja, Lagos, and Kano at N537, N488 and N540 per litre respectively.

The development which comes days after President Bola Ahmed Tinubu stated that the fuel subsidy is gone, has, however, thrown the downstream sector of Nigeria’s petroleum industry into confusion.

The Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Mr. Farouk Ahmed, whose agency regulates sector activities, is yet to react to the development.

READ ALSO  Publisher, Ezenekwe Calls For Immediate Release Of IPOB Leader, Kanu - Faults Tinubu's Action On Sowore Case

Meanwhile, the President has scheduled a meeting with the Nigerian Labour Congress (NLC) over the removal of the fuel subsidy.

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

spot_imgspot_imgspot_img

Of The Week
CARTOON

TOP STORIES

- Advertisement -

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.