Nigeria Gov’t Removes Kerosine Subsidy | Pegs Price At N83 Per Litre

The Federal Government of Nigeria has on Saturday, January 23, formally finished the installment of appropriation on lamp fuel, as the cost of Household Kerosene (HHK) was climbed from N50 per liter to N83 per liter.

lamp oil queue_In-Nigeria

This exposure was made known in the most recent estimating format for House Hold Kerosene discharged by the Petroleum Products Pricing Regulatory Agency (PPPRA) throughout the weekend.

The organization likewise expressed that the retail cost of lamp oil or HHK by the Nigerian National Petroleum Corporation (NNPC) was N83 per liter, implying that other petrol stations and merchants can offer higher than the stipulated sum.

By layout of the PPPRA, the Federal Government makes a benefit of N10.72 for each liter of lamp fuel sold at N83 per liter while the Landing Cost in addition to Total Margins was pegged at N72.28 per liter.

The unexpected climb in the cost of lamp fuel went ahead the heels of the overall accident of the cost of raw petroleum and petroleum items lamp fuel, fuel and diesel, among others.

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