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Nigerians May Buy PMS At N340 In 2022 – NNPC

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The Nigerian National Petroleum Company (NNPC) on Tuesday hinted that a litre of Petroleum Motor Spirit (PMS) may sell between N320 and N340 in 2022.

It said this was because the law does not provide for a subsidy, hence its removal in the coming year.

The Company’s Group Managing Director(GMD)Malam Mele Kyari, made the disclosure during his presentation at the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” in Abuja.

According to him, the law provides that by the end of February 2022, the nation should be out of the subsidy regime. Continue Reading

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