Breaking News just reaching the General Public that the Federal Government of Nigeria has Removed Fuel Subsidy on Petrol and that also Petrol is now N145 per litre to be accepted nationwide in Nigeria as New price.
That Nigerian Government has officially removed Fuel Subsidy on Premium Motor Spirit (PMS) Fuel and it will now to sell for N145 per litre.
The Federal Government has finally removed Fuel Subsidy from sale of Premium Motor Spirit (PMS) also known as petrol with immediate effect.
The NNPC sources revealed this afternoon that marketers are now free to bring in cargoes and sell, subject to meeting standard quality control.
It however added that a benchmark of N145 per litre, as a recommended pump price, at which any trader, irrespective of the source of foreign exchange used to import cargo is guaranteed adequate profit.
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