Tuesday 27 October 2015

DAILY FUEL SUBSIDY DROPS TO N412.8 MILLION

Daily fuel subsidy drops to N412.8 millionThe Federal Government’s daily spending on petrol subsidy has declined from the N1.07 billion it recorded as at September 8, to N412.8 million as at October 23. It earlier dropped to N889.44 million on September 22.

According to the pricing template of the Petroleum Products Pricing Regulatory Agency (PPPRA), subsidy on a litre of fuel stands at N8.6k as at October 23.

Read more @ The Guardian

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