Nigeria embagoes petrol price hike, to pay N210bn Subsidy in June

The embargo, data compiled by Platforms  Africa shows, is the fifth announced by the government in 2021 + how oil minister read riot act to marketers on hoarding, profiteering The Nigerian Government on Friday announced another embargo on the price of Premium Motor Spirit (PMS) also known as petrol in June, a move that will make it continue payment of subsidy on the product for the month. Latest data from the Nigeria Governors’ Forum (NGF) put the monthly subsidy payment at N210 billion. The price hike embargo, data compiled by…

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