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Commodity: NNPC Ltd proposes to increase the price of gasoline from 189 naira to 557 naira

02/06/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The Nigerian state-owned oil company NNPC Ltd has published a circular, according to which it proposes to increase the price of gasoline from 189 naira to 557 naira ($1.21) per liter.

L' augmentation du prix de l' essence marquera la fin d' un régime de fuel subsidies that cost him $867 million per month. In reality, many Nigerians face economic difficulties and see cheap gas as a right and the last time a government tried to remove the subsidy in 2012, it caused protests across the country. The new president Bola Tinubu, then opposition leader, opposed the removal of the

subsidy.
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