Petrol subsidy continues in May, says NNPC GMD vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
FG considers 20% hike in petrol freight cost vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Major Oil Marketers Association of Nigeria (MOMAN) says plans to fix the freight rate for Premium Motor Spirit (PMS) can hinder the downstream sector’s full deregulation.
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The Federal Government is considering a 20 percent hike in the cost of freighting petrol across the country, as part of measures to boost the revenue of transport owners.
The increase would raise the cost of bridging petrol to N9.11 per litre from N7.51 in the petrol pricing template of Petroleum Products Pricing Regulatory Agency, PPPRA.
Speaking at the 21 Annual General Meeting of the National Association of Road Transport Owners, NARTO, the Executive Secretary of the Petroleum Equalisation (Management) Board, PEF, Alhaji Ahmed Bobboi said the agency was waiting for the Federal Government approval before it would commence its implementation.