FG REVIEWS PETROL PRICE TEMPLATE DOWNWARD
…says subsidy down to N4. 52 per litre
The Federal Government has commenced a downward review of the current petroleum products price template, with a view to eliminating inefficiencies in the price regime.
The Group General Manager, GGM, of the Nigerian National Petroleum Corporation, NNPC, Mr. Bello Rabiu disclosed this at interactive session with journalists in Abuja, yesterday.
According to him, the current administration was convinced that petroleum products were overpriced, in Nigeria at the moment, and that with the elimination of inefficiencies, prices of products would go below current pump prices.
