Macro Analysis /

Nigeria: NNPC pays NGN 906bn fuel subsidy during Jan-Aug – The Punch

    28 September 2021
    • NNPC stopped publishing under-recovery costs in its monthly reports
    • As crude oil prices rose in 2021, petrol landing costs surged to NGN 250/litre in July
    • However, Nigeria kept pump prices steady at NGN 162/litre, meaning NNPC is subsidizing petrol