The federal governemnet has finally removed fuel subsidy. Petroleum Products Pricing Regulatory Agency (PPPRA) made the announcement on Sunday.
In a statement the agency said a litre of petrol, Premium Motor Spirit,PMS, will now sell for N141.
The statement reads:
” Following extensive consultation with stakeholders across the nation, the Petroleum Products Pricing Regulatory Agency (PPPRA) wishes to inform all stakeholders of the commencement of formal removal of subsidy on Premium Motor Spirit (PMS), in accordance with the powers conferred on the agency by the law establishing it, in compliance with Section 7 of PPPRA Act, 2004....
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