The Federal Government has finally announced the removed subsidy from sale of Premium Motor Spirit, PMS, also known as petrol with immediate effect.
The Nigerian National Petroleum Corporation (NNPC), today informed marketers that they are now free to bring in cargoes and sell, subject to meeting standard quality control.
The NNPC 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.
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