Oil Body Spends Millions Daily on Nigeria's Fuel Subsidy

The Nigerian National Petroleum Corporation has said that it currently spends U.S.$2.1 million every day to subsidise petrol and keep the fixed retail price at N145 per litre. Group Managing Director Maikanti Baru has said that the huge fund was as a result of the increasing number of filling stations in communities with international land and coastal borders.

Fuel pump.

Don't Miss

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.