Jump to content

Petrol to cost N340/litre after subsidy removal in 2022


envy
 Share

Recommended Posts

Petrol may cost N340 per liter in 2022 as the subsidy regime for petroleum products will come to an end in February 2022.

This was revealed by NNPC boss, Mele Kyari.

Petrol-to-cost-N340litre-after-subsidy-r

Kyari made this known at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” on Tuesday, November 23.

“There will be no provision for it legally in our system, but I am also sure you will appreciate that government has a bigger social responsibility to cater for the ordinary and therefore engage in a process that will ensure that we exit in the most subtle and easy manner.”he said

Kyari assured that fuel subsidy removal would definitely be achieved in 2022 as it was now fully backed by law, adding that the price of the product may range between N320 and N340 per litre.

On the hike in prices of cooking gas, he said that it was a demand and supply issue as there was a global crunch on supply of gas and many countries were now threatened by lack of supply in December.

He however gave an assurance that the company was working on increasing local production to meet consumption demands.

Link to comment
Share on other sites

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share



  • Join 1 Million+ 9jaonline Fans

     Join our Whatsapp Group
     Connect with us on LinkedIn
     Join our Telegram Group
  • Latest News

    1. 0

      Day-old baby rescued from well in Jigawa state

    2. 0

      Bianca Ojukwu begs Buhari to release Nnamdi Kanu

    3. 0

      Npower Batch C2 selection hasn't COMMENCED Disregard deceptive chunk stemming from clone sites - Nasims

    4. 0

      Npower Batch C: Why we can't tell the exact payment commencement date for October and November stipends as enquired by beneficiaries.- Nasims

    5. 0

      BBNaija JMK reveals she is traumatized: “I’m mentally exhausted”

×
×
  • Create New...