FG still subsiding petroleum products, Baru


By Johnbosco Agbakwuru

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru yesterday said that the landing cost of petroleum products that should be sold in the pump without under-recovery should be N171.40, but that President Muhammadu Buhari has directed that the corporation should maintain all the parameters to ensure that it is sold at N145 per liter.

Dr Maikanti Baru, NNPC boss

Dr Baru, who disclosed this to State House correspondents after jumat service at the Presidential Villa, Abuja also said that the corporation has termed the fuel scarcity in the country.

However, despite the efforts of the Federal Government to reduce the hardships the petroleum products has caused Nigerians, it is still sold at N250 per liter in different parts of Imo State.

Speaking on the current situation of petroleum scarcity, Baru said, “I’m…

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