Operators in the oil and gas sector as well as other stakeholders are uncomfortable with the continued rise in the amount spent in subsidising Premium Motor Spirit, popularly called petrol, as it jumped to N947.51bn between January and April 2022. This has made the projected subsidy for payment at the end of June to jump to N1.82 trillion. An analysis of data obtained from the Nigerian National Petroleum Company Limited on Wednesday showed a monthly rise in PMS subsidy spendings by the oil firm, though NNPC described it as under-recovery/value…
Read MoreNigeria’s Petrol subsidy To Hit N1.82tn by June 30
