The new petrol pump price of N87. According to government officials, the price of petrol is currently pegged at N65 per litre but the actual cost of supply is about N138 per litre at crude oil price of $110 per barrel. Therefore, the subsidy element is about N73 per litre. This means that for every litre of petrol purchased at the official price of N65, the government contributes N73. It should be noted that only petrol and kerosene currently enjoy government subsidy, and that imported and locally produced petroleum products enjoy these subsidies. nationaldailyng/editorial/editorial-opinion/2271-the-new-petrol-pump-price-of-n87
Posted on: Mon, 26 Jan 2015 13:08:17 +0000
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