Federal Government removes subsidy

The Federal Government on Wednesday officially ended the subsidy regime on premium motor spirit, popularly known as petrol, and will allow market forces determine the cost of the product.
This was reached during an extensive meeting held at the headquarters of the Nigerian National Petroleum Corporation in Abuja.
Officials, who attended the meeting, said the price of petrol may start from N145 per litre, but explained that the government would strictly monitor compliance.