Petrol will now sell for N85per litre from January, 1st
2016 the Federal Government has said. The FG who says it can no longer afford
to subsidize the Premium Motor Spirit (PMS) following the fraud that has
attended its operation, stressed that the product will sell for N85 per litre
as from the first day of January, 2016.
Emmanuel Ibe Kachikwu, the Minister of State for Petroleum, disclosed this during his inspection of the Port Harcourt Refinery Company (PHRC), today.
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