Nigerians may likely pay over N200 for a litre for petrol from April.
This was disclosed by Mele Kyari, the Group General Manager (GMD) of the National Petroleum Corporation (NNPC), on Thursday.
Kyari while reacting to a question about the status of petrol’s pump price in the country, during the weekly presidential ministerial media briefing held at the presidential villa, Abuja.
He explained that the NNPC absorbs the cost differential which is recorded in its financial books.
Kyari also claimed the NNPC pays between N100-120 billion a month to keep the pump price at the current level.
According to him, the actual cost of importation and handling charges amounts to N234 per liter, the government is selling at N162 per liter.
He, however, said the NNPC can no longer afford to bear the cost, adding that sooner or later Nigerians would have to pay the actual cost for the commodity.
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