Wednesday, 27 January 2016

Federal Government removes subsidy on Kerosene

The Federal Government, weekend, hiked the price of Household Kerosene (HHK) also known as kerosene, to N83 per litre from N50 per litre, thereby, officially ending subsidy on the product. ‎

The Petroleum Products Pricing Regulatory Agency, PPPRA‎, in its product pricing template released over the weekend, however, stated that the N83 per litre price applies only to the Nigerian National Petroleum Corporation (NNPC), meaning that other petrol stations and dealers can sell higher than the stipulated amount.

The commodity is believed to be mostly consumed by low income earners in the country.

No comments:

Post a Comment

Thank You For Your Opinion, comments
Email Us - mxcliq@gmail.com
Join our BBM Channel - C004286C0