Nigerian National Petroleum Company Ordered To Reduce Petrol Price
11 gen 2023 ·
1 min. 13 sec.
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Descrizione
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of...
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy.
Sylva insisted that subsidy had been a burden, but stressed that it was a mandate on NNPC which had made the oil firm to continue selling PMS at a loss.
He says the management of the supply situation under this subsidy regime is not easy
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Sylva insisted that subsidy had been a burden, but stressed that it was a mandate on NNPC which had made the oil firm to continue selling PMS at a loss.
He says the management of the supply situation under this subsidy regime is not easy
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Autore | Africa Business Radio |
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