The Nigerian National Petroleum Company Limited has denied inflating subsidy on Premium Motor Spirit by N3.3 trillion.
Reacting to allegations in the media that NNPCL had questions to answer on subsidy, Soneye said the company, at no time, inflated its subsidy claims with the Federal Government. The company, according to him, will resist any attempt to drag it into the fuel subsidy politics as it operates on a commercial basis and the express provisions of the Petroleum Industry Act .
MEMAN expressed its view in response to rumours that the pump price of PMS would drop to about ₦300 per litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers and refineries. “Why make Nigerians buy it at almost N700 per litre when you know that if you allow refineries to work, the price will reduce? Is it because you want to satisfy the global refiners abroad that are making so much from us?” he queried.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Comptroller-General of Nigeria Customs Service , Bashir Adewale Adeniyi, has shed light on how a special operations unit of the agency seized 150,950 litres of petrol, worth N105,965,391, in one week.