Business

Subsidy on Petrol Rises to N675.93bn

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The subsidy on petrol between January and March 2022 has risen to N675.93bn.

Latest data obtained from the Nigerian National Petroleum Company Limited revealed that the oil firm spent N210.38bn, N219.78bn and N245.77bn as subsidy on petrol in January, February and March 2022 respectively.

It described the N671.88bn as a value shortfall incurred by the NNPC.

Written by: Helen Obih

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