NEC Will Take Position On Fuel Subsidy In June

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The National Economic Council (NEC) has dismissed insinuations that it have taken a position on fuel subsidy, saying a decision will be taken in June.

“You know, the Petroleum Industry Act has fully taken charge, and it will not require any recommendation from anybody,” he added.During his briefing, Edo State governor, Godwin Obaseki, further explained that the issue of fuel subsidy has been one matter that NEC has deliberated on, for more than a year now.

He said, “the cost of PMS in Nigeria today is about N162 per liter. Whereas every other country surrounding Nigeria is selling the same product at more than 100% of the cost in Nigeria.

 

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