Marketers anticipate N900/litre for the FG's potential N1.68 trillion fuel subsidy.
IPMAN predicts that the price of petrol would increase once more if the naira approaches N1,000 and crude oil reaches $95. •Operators applaud the government's proposed subsidy, but CSOs oppose additional subsidies According to a review of information provided by oil marketers and the industry, the Federal Government may spend roughly N1.68 trillion on subsidies for Premium Motor Spirit, also known as petrol, between September and December of this year.
IPMAN predicts that the price of petrol would increase once more if the naira approaches N1,000 and crude oil reaches $95.
•Operators applaud the government's proposed subsidy, but CSOs oppose additional subsidies
According to a review of information provided by oil marketers and the industry, the Federal Government may spend roughly N1.68 trillion on subsidies for Premium Motor Spirit, also known as petrol, between September and December of this year.
SOURCE:PUNCH
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