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  The Federal government, has said that it can no longer afford to subsidize the Premium Motor Spirit (PMS) followi webapex.net ng the fraud that has attended its operation, stressing that the product will sell for N85 per litre as from the first day of January, 2016. The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu broke the news to journalists in the Port Hacourt Refinery Company (PHRC), where he spent Christmas inspecting the plant. Pressed to reveal when the new price will become effective, Kachikwu, who is also the Group Managing Director of the Ni westernmagazine.org gerian National Petroleum Corporation (NNPC) said “like I said, we have done a modulation calculation and it is showing us below N87. I imagine that if PPPRA publishes it today, it will become effective immediately. But the 1st of January that is when we are looking at.” According to him, the new price is below the current N87 per litre and it would now convince Nigerians that the pric...

  The Federal government, has said that it can no longer afford to subsidize the Premium Motor Spirit (PMS) following the fraud that has attended its operation, stressing that the product will sell for N85 per litre as from the first day of January, 2016. The Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu broke the news to journalists in the Port Hacourt Refinery Company (PHRC), where he spent Christmas inspecting the plant. Pressed to reveal when the new price will become effective, Kachikwu, who is also the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) said “like I said, we have done a modulation calculation and it is showing us below N87. I imagine that if PPPRA publishes it today, it will become effective immediately. But the 1st of January that is when we are looking at.” According to him, the new price is below the current N87 per litre and it would now convince Nigerians that the pricing modulation that the Federal Government...