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Petrol landing cost hits N232, subsidy rises to N5.58bn daily

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April landing cost, N216, devaluation, rising crude price fueling price increase Rising subsidy payment reduces funds for infrastructure development – Rewane The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of the product remained unchanged,…


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