The Federal Government will embark on wide consultation before ending subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said.
NNPC might spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity, PUNCH reports.
Responding to enquiries on how long would NNPC continue to sustain subsidy on petrol, the corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru, said this was dependent on the government’s meeting with labour unions.
He said, “The government does not just look at economics to determine certain things. So the fact is that the government is not supposed to inflict pains on the citizenry.
“And this is why the government wants to do a very wide consultation with all interested parties so that an agreement could be reached and we expect that the agreement will be reached before too long.”
