Nigeria In One Minute

FG has illegally reintroduced petrol subsidy, says Reps member

The House of Representatives on Monday accused the Federal Government of illegally reintroducing subsidy on the Premium Motor Spirit.

It said Nigerians deserved an explanation on the development, which had seen the Nigerian National Petroleum Corporation offsetting N26 on every litre of the PMS, better known as petrol, sold to the public lately.

The Chairman, House Committee on Petroleum Resources (Downstream), Mr. Joseph Akinlaja, who spoke with The PUNCH, said that the National Assembly did not appropriate the N26 subsidy.

In 2016, following the increase in the pump price of petrol from N87 to N145, the government stopped paying subsidy on fuel.
The PUNCH, January 2, 2018

 

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