UPDATED: FG moves to cap petrol landing cost at N1,350/litre

Offers 30-day discount at NNPC stations


Warns subsidy return could push dollar to N3,000, fuel to N2,000


_____________________
The Federal Government has announced plans to negotiate a ceiling of N1,350 per litre on the ex-gantry or landing cost of petrol, as part of measures to cushion the impact of rising fuel prices on Nigerians.
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Thursday during a press briefing on the current fuel price situation.
Oyedele also announced that the government would offer a 30-day discount on petrol sold through NNPC Limited stations, with priority given to public transporters nationwide.
...