The President, Bola Tinubu, on 29th May, during his inaugural speech announced the removal of the fuel subsidy. With the removal of the fuel subsidy, here are five things to know about the NNPCL and the fuel market. The NNPCL will no longer be the sole importer of fuel into the country. The NNPCL will no longer fix the price of fuel in the market. The cost of fuel in the market will be determined by market forces5.

Source: Punch June 05, 2023 06:50 UTC