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Petrol landing cost hits N216, daily subsidy now N4.64bn


Punch Newspapers
Sections
Olalekan Adetayo, ’Femi Asu and Okechukwu Nnodim
Published 12:25 am
Published 12:25 am
 The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar.
The Petroleum Products Pricing Regulatory Agency had in March released a pricing template that indicated the guiding prices for the month.
The template, which showed that petrol pump price was expected to range from N209.61 to N212.61 per litre, was greeted with widespread public outcry and was later deleted by the agency from its website. ....

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