Petrol: Why Nigeria is still subsidising – NNPC boss, Kyari - Daily Post Nigeria

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 59%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has insisted that the inability to find a

Kyari spoke on Channels Television’s Sunrise Daily programme on Tuesday.While its landing price is about N256 per litre, according to Kyari, petrol sells for N162 to N165 in most parts of Lagos State.“But also the second reality is if you don’t do something smart, you could end up throwing prices at Nigerians that are well above prices that they should pay for.

“The engagement is aimed at making sure there is a reasonable level of pricing that we can do that will recover the cost. “Petroleum consumption in Nigeria is not up to 60 million litres per day, but we supply up to that,” he added.Related Topics:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

D perennial idiotic tirade that is enforced on citizens to divert attention from d evident goofs that this OfficialAPCNg APCUKingdom is hiding from. These guys promised refineries, PIB, and a vibrant engagement in d energy sector. Unfortunately d govt hides under subsidy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: NNPC says no petrol price increase in July
Source: Daily Trust - 🏆 13. / 51 Read more »

Petrol landing cost hits N232, subsidy rises to N5.58bn daily - Punch NewspapersThe most widely read newspaper in Nigeria If the landing price like let it hit 1000 naira. We don’t care. We have this crude in our backyard and refuse to build refineries. Government should pay the subsidy and stop complaining. Another way to increase fuel price..you all are stupid and greedy
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigerians should expect food scarcity, dollar at N520, petrol at N280/litre – Primate Ayodele - Daily Post NigeriaThe Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has issued warnings on the state of Nigeria's economy. Primate Ayodele warned Its called Expect unexpected It's already happening. This guy's not serving God
Source: DailyPostNGR - 🏆 11. / 59 Read more »

No fraudulent dealings in plans to acquire Dangote Refinery shares – NNPC - Daily Post NigeriaMr. Mustapha Yakubu, Chief Operating Officer, Refineries & Petrochemicals, NNPC, says there is no fraudulent dealing in NNPC’s planned equity NNPC now an investor no more oil company. integrity questions
Source: DailyPostNGR - 🏆 11. / 59 Read more »

N82bn Oil spillage judgement: Akwa Ibom monarch warns NNPC/Mobil against renege - Daily Post NigeriaThe paramount ruler of Ibeno, an Oil producing community in Akwa Ibom State, His royal majesty, Owong Effiong Archianga, has urged the Nigerian National
Source: DailyPostNGR - 🏆 11. / 59 Read more »

NNPC discloses when it will increase fuel price, makes clarifications on 'July increment' - Daily Post NigeriaThe Nigerian National Petroleum Corporation (NNPC) has said there was no plan to increase the official pump price of Premium Motor Spirit (PMS), otherwise 😂😂,
Source: DailyPostNGR - 🏆 11. / 59 Read more »