The Nigerian National Petroleum Company Limited has revealed that premium motor spirit (petrol) cannot sell lower than N510 per litre as the President Muhammadu Buhari regime gears towards the phase-out of the fuel subsidy era.
Mele Kyari, the group’s managing director, said that the NNPC could no longer keep up with the N170 per litre pump price of fuel. This was made known while addressing at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja on Wednesday.