Against the backdrop of the Federal Government position stopping subsidy on fuel, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has admitted that small subsidy still exists.
Dr. Barau told news men today, Friday at the Aso Rock, Abuja the landing cost as should be sold in the pump without under-recovery should be N171.40, but that President Muhammadu Buhari directed that “we should maintain all the parameters to ensure that it is sold at N145 per liter.
“And that is why we are selling at depot at N133.28.” [myad]
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