SMACIN GRACEFULL TEAM Petrol Will Cost ₦462/Litre Without Subsidy, Says NNPCL The Nigerian National Petroleum Company Limited (NNPCL) says premium motor spirit (PMS) will cost consumers N462 per litre without the Federal Government’s subsidy. ADVERTISEMENT This is according to a statement by the NNPCL Group General Manager, Group Public Affairs Division Mr. Garba Deen Muhammad on Sunday. ADVERTISEMENT “The NNPC Ltd notes the average daily evacuation (Depot truck out) from January to August 2022 stands at 67million litres per day as reported by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. ADVERTISEMENT Daily Evacuation (Depot loadouts) records of the NMDPRA do carry daily oscillation ranging from as low as 4 million litres to as high as 100 million litres per day, ” the statement read. ADVERTISEMENT

SMACIN GRACEFULL TEAM Petrol Subsidy To Remain Till Mid-2023 – FG Finance, Budget and National Planning Minister, Mrs. Zainab Ahmed ADVERTISEMENT Ahead of the 2023 budget presentation, the Federal Government on Monday reiterated petrol subsidy will remain in place until mid-2023. ADVERTISEMENT According to the Minister of Finance, Zainab Ahmed, the government is proposing to spend only N3.36 trillion for petrol subsidy in 2023. ADVERTISEMENT CLICK TO EXPLORE THE LATEST CONTENTS ON SGT, ALSO SCROLL DOWN BELOW TO SEE SGT POPULAR POST AFTER CONTENTS ADVERTISEMENT She made the comment while meeting with the House of Representatives Committee on Finance in Abuja on the details of the 2023-2025 Medium-Term Expenditure Framework and Fiscal Strategy Paper. ADVERTISEMENT The minister added that the Federal Governmen