Tuesday, May 18, 2021

Story By Akinola Emmanuel, March 16, 2021

The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol.

The corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru, disclosed this while speaking with journalists recently.

He explained that government will not want to inflict pains on Nigerians hence decision for a wide consultation with all interested parties so that an agreement could be reached.

Obateru insisted that NNPC would not hike petrol price in March so as not to fracture the ongoing discussions between government and the organised labour on the fuel price matter.

A Federal Government agency, Petroleum Products Pricing Regulatory Agency, on Thursday published the expected new lower and upper prices for petrol at retail outlets in March 2021, putting the rates at between N209.61/litre and N212.61/litre.

It also put the ex-depot price of petrol for the month at N206.42/litre and pegged the expected landing cost at N189.61/litre.

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