Indeed, the PPPRA official website which displays the landing cost and other parameters for determining the price of petroleum products has been dormant in the past two years. Nghamadu failed to call back to provide information on the current daily consumption. Recall that only NNPC brings in products into the country and also single-handedly determines how the under-recovery is reimbursed. At 50million litres daily consumption, Nigeria currently pays N2.434billion per day subsidising petrol. The source said: “It is clear that if Nigeria does not do away with subsidy, the economy would crash in no distant time.

Source: The Guardian January 03, 2019 04:18 UTC