FG Orders NNPC To Reduce Petrol Price
According to Chief Timipre Sylva, the Minister of State for Petroleum Resources, the Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, more commonly known as gasoline, at a loss because of its mandate from the Federal Government about PMS subsidies.
Sylva made her comments as oil marketers warned that supply disruptions in the downstream oil sector, which frequently cause fuel shortages, might last until June due to the government’s intention to discontinue gasoline subsidies in that month.
At the start of the President’s Major General Muhammadu Buhari’s scorecard series (2015–2023), the petroleum minister addressed in Abuja (retd.).
