Fuel subsidy hits N120bn monthly, landing cost surges to N234 litre -Kyari

NNPC Trading Surplus surged by 80.12% in December   Nigeria’s loss to fuel subsidy has peaked at over N120 billion monthly as landing cost for Premium Motor Spirit surges to N234 litre The Nigerian National Petroleum Corporation (NNPC) maintaining that an increase in pump price of fuel is inevitable. Group Managing Director of the NNPC, Mele Kyari, who said this at the weekly media briefing at the Presidential Villa yesterday, maintained that the current landing cost of fuel in the “country as at today (Thursday) stands at N234 per litre…

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