During the weekend, the Federal Government increased the price of kerosene from N50 to N83 per litre and is due to take effect. However, this shows the removal of subsidy which was previously placed on Kerosene believed to be a commodity mostly used by low income earners.
The Petroleum Products Pricing Regulatory Agency, PPPRA, in its product pricing template released over the weekend, however, stated that the N83 per litre price applies only to the Nigerian National Petroleum Corporation (NNPC), meaning that other petrol stations and dealers can sell higher than the stipulated amount.
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