Breaking: FG removes fuel subsidy, petrol now to sell at N145 per litre
The Federal Government, Wednesday, removed subsidy on Premium Motor Spirit, also known as petrol as it will now sell for N145 per litre., Vanguard has reported.
The government has been mulling the removal of the subsidy following the persist scarcity of petrol since last year when the current administration came on board.
The trouble had been how to get major oil marketers to resume importation of the product without running huge subsidy bills as witnessed during the dispensation of President Goodluck Jonathan.
Details as to how this price could apply across the country and how to arrived at the retail price of N145 per liter will come later.