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FG to Increase Petroleum Prices in 2013

By   /   November 18, 2012  /   No Comments

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Strong indications emerged, Friday, that the Federal Government is proposing another partial removal of fuel subsidy which would lead to increment in pump prices come 2013. The Punch newspaper reports that the Presidency said the action is necessary because the N971bn budgeted for fuel subsidy in 2013 will not be enough to sustain the importation of the product throughout the year.

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