The Petroleum Products Pricing Regulatory Agency (PPPRA) has explained that the price of crude at the international market as well as other cost elements such as landing cost determine the amount of subsidy paid on a litre of fuel in Nigeria, noting that the petroleum minister, Diezani Alison-Madueke is not responsible.The agency noted in a statement obtained by our correspondent, yesterday, that such cost elements contributed to the fluctuations in the subsidy figure between 2009 and 2013.
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