Economy Special Report
Without Subsidy, Petrol Would Cost N410- NNPC
AFNews Reporter
Nov 10, 2022
But on Wednesdayat the Legislative Transparency and Accountability Summit organised by the House of Representatives in Abuja, Kyari said, "It is not possible for you to buy fuel at N170 when your actual cost is thrice that value. For instance, today, when PMS comes into this country, we transfer to marketers at N113 per litre for us to ensure N165 at the pump, so you must sell at N113 to them to be able to deliver at N165.
READ ALSO: Sanctions 'unavoidable' unless Russia sheds light on Navalny poisoning: Germany threatens
Speaker of the House of Representatives, Femi Gbajabiamila, said the summit was important for legislators and policymakers to gain valuable insights into the issues and achieve clarity on the actions needed to be taken to achieve greater transparency and accountability in the oil and gas industry.
Related Stories
Economy
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Economy
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
Economy
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
Economy
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Economy
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
Economy
7 Online Money Traps Young Nigerians Are Falling Into
""
— AFNews Reporter
Join the Conversation
Signed in as Member