The Federal Government has finally removed subsidy from sale of Premium Motor Spirit, PMS, also known as petrol with immediate effect.


NNPC sources this afternoon said marketers are now free to bring in cargoes and sell, subject to meeting standard quality control.

It however added that a benchmark of N145 per litre, as a recommended pump price, at which any trader, irrespective of the source of foreign exchange used to import cargo is guaranteed adequate profit.

Details later…


Vanguard

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Diplomaticporch was started in July 2013 by Shekoni Aremuokin. Aremuokin lives his life in diplomacy. And believes, every story is unique and every story matters. At Diplomaticporch, we have a singular passion- to tell the world your story and to enable your story! Thank you for being a part of our journey.

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