Without Subsidy, One Litre Of Fuel Will Equal $1 In Nigeria - Oil Industry Expert

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without subsidy one litre of fuel will equal 1 in nigeria oil industry expert
LAGOS Despite the recent hike in the price of Premium Motor Spirit (PMS), the Federal Government is still subsidising the product for local consumption, Dr. Thomas Ogungbangbe, the Chief Executive Officer (CEO) of CITA, has said. Ogungbangbe said that without subsidy, a litre of the product should sell for between 80 cent and $1