Fuel Price Intervention Sparks Debate Over Subsidy, Price Risk
By Zainab Uzomah|Abuja The Federal Government’s latest intervention to cushion Nigerians from rising petrol prices has triggered a fresh debate over whether the measures represent a temporary market stabilisation mechanism or a return, in substance, to fuel subsidy. The controversy followed the announcement that NNPC Retail would forgo its petrol retail profit margin and sell fuel at cost for an initial 30 days, while the Federal Government negotiates a N1,350-per-litre […]