Business Petrol demand hits 50 million litres daily, NNPC incurs N24bn monthly as subsidy - Punch Newspapers

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mrsam

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The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn monthly) as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country.

Although it described the amount as under-recovery, the oil firm stated that the amount was due to the proliferation of filling stations in communities with international land and coastal borders across the country

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