Naijacrux News:Welcome to Naijacrux Online Forum..Great Place To Get Tips Facts Updates and More ,Interact Discuss & Learn With Others !!.remember to register to enjoy much more update!!!New Updates From Naijacrux -Naijacrux Is Now Mobile Friendly - Download Our Android App On Our Forum Rules And Announcement Section.Our App Will be Live On Google Playstore And IOS Store Soon Aswell - CLICK HERE TO DOWNLOAD NAIJACRUX ANDROID APP !!! Dear Guest And Naijacrux Dedicated Members,!!! ,  You Can Now Receive Naijacrux Weekly New Post and Updates Via Email by Subscribing To Our Newsletter Using The Subscribe Button Above The Naijacrux Announcement And Discussion At The Top Home Page!!Never Miss A New Post And Updates Again.!Thank You.  !!!YOU ARE WELCOME TO NAIJACRUX INFORMATIVE LEARNING AND INTERACTIVE FORUM.This Website is an Intensive Forum of Learning We recommend you Register & Login to Enjoy much free stuffs ::>>Also remember to Update your Profile Immediately after registration. Thank you!>>>!!!!To All Advertisers And Patronizers, kindly Send Mail To Support@naijacrux.com For adverts Placement. thanks!!!


Author Topic: Nigerian FG petrol subsidy now N26 per litre , Landing Cost Up, Price Hike Looms  (Read 1749 times)

0 Members and 1 Guest are viewing this topic.

Offline guruslodge

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1020
  • Karma: +0/-0
Loading...

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, on Sunday disclosed that the current Landing Cost of petrol is N171 per litre, meaning that at N145 per litre, the Federal Government is currently paying a subsidy of N26 on a litre of the commodity.



Speaking with reporters in Abuja, he said that the normal consumption of PMS in Nigeria had risen to over 50 million litres per day, due to hoarding and diversion, mainly as a result of cross-border smuggling, due to the PMS price disparity that exists between Nigeria and its neighbours.

Commenting on the Landing Cost of PMS, Baru said the Cost, Insurance and Freight price of PMS was $620 per metric tonne, adding that at N305 to a dollar, the landing cost translates to N171 per litre.


 

 

Nigerian FG to probe oil sector on Missing $49bn after Arms deal probe

Started by newspostng

Replies: 0
Views: 1544
Last post January 15, 2016, 10:25:12 AM
by newspostng
Nigerian Military Task Force bans all black market as fuel scarcity continues

Started by yungcrux

Replies: 0
Views: 1504
Last post March 24, 2016, 01:15:46 AM
by yungcrux
Nigerian Aviation santions Acon, Jushad, Lubcon, Ascon, Star Orient

Started by admin

Replies: 0
Views: 1475
Last post November 26, 2015, 11:20:57 AM
by admin
Nigerian Petroleum Resources dept begins 24hour surveillance on filling stations

Started by yungcrux

Replies: 0
Views: 1471
Last post December 25, 2015, 11:31:22 AM
by yungcrux
Nigerian NNPC to begin transparency operations to regain lost credibility

Started by yungcrux

Replies: 0
Views: 1791
Last post September 26, 2015, 03:14:47 AM
by yungcrux