FG removes subsidy, petrol to sell for N145 per litre

The Federal Government has finally
removed subsidy from sale of Premium
Motor Spirit, PMS, also known as petrol
with immediate effect.

NNPC sources yesterday said

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.

Details later...