The Federal Government has denied reintroducing the subsidy on premium motor spirit, popularly called petrol, amid the closure of many filling stations nationwide due to various challenges in the downstream oil sector.
Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL) Mele Kyari, made this known to newsmen after an audience with President Tinubu at the Aso Rock Villa, noting that the assertion comes barely 48 hours after the Petroleum and Natural Gas Senior Staff Association of Nigeria confirmed the return of fuel subsidy.
The petroleum company however projected that Nigeria will become a net exporter of refined petroleum products by next year, going by efforts to revamp its refineries.
Categories: National News