The Independent Petroleum Marketers Association of Nigeria (IPMAN) has again drawn attention to the issue of subsidy on petroleum products in Nigeria.
The body confirmed the return of fuel subsidy by disclosing that the landing cost per litre of Premium Motor Spirit (PMS) is over N1,200.
Yet, the Nigerian National Petroleum Company (NNPC) Limited sells to marketers at about ₦565 or so which indicates that there is a subsidy of almost ₦600 to ₦700 as of now.
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