Monday, 14 December 2015

Nigeria: How Much Petrol Will Cost If Subsidy Is Removed

According to a report from BusinessDay, Petrol will retail at about N97 per litre if the subsidy is removed today. 


The report says the commodity currently has a landing price of between N77 – N79 per litre. 

In addition to transport to pumphead, marketers and other margins account for about N18. 

With that, queues from fuel stations nationwide are expected to disappear.

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