Though the hike would not change the pump price of Premium Motor Spirit (PMS) also know as petrol from N165 per litre, it would jerk up the under recovery also known as subsidy payable on the product. Nigerian President Muhammadu Buhari has approved the hike in transporters freight rate with effect from June 1, 2022. Platforms Africa reports that though the hike would not change the pump price of Premium Motor Spirit (PMS) also know as petrol from N165 per litre, it would jerk up the under recovery also known…
Read MoreBREAKING: Buhari Hikes Fuel Freight Rate, Worsens Subsidy Burden
