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Petrol Subsidy: NNPC under pressure as Bonny Light rises by 150% to $65/b

Published by Vanguard on Tue, 04 May 2021


By Ediri Ejoh There are indications that the Federal Government through the Nigerian National Petroleum Corporation, NNPC would be under more pressure to fund Nigeria's petrol under-recovery or subsidy as the price of Bonny Light rises to $65 per barrel in May 2021. This showed an increase of 150 per cent when juxtaposed against $26Read MoreThe post Petrol Subsidy: NNPC under pressure as Bonny Light rises by 150% to $65/b appeared first on Vanguard News.
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