FUEL PRICE HIKE PROTEST: REPS DECLARE SUPPORT FOR FG, BEG NLC
The House of Representatives on Wednesday made a formal declaration of support for the decision of the Federal Government to remove the subsidy on Premium Motor Spirit, better known as petrol.
A litre of petrol now sells for N145 instead of N86.50k. However, the government claimed that what it did was price increase and not the removal of subsidy or deregulation of the downstream sector of the petroleum industry.
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