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New subsidy formula: From frying pan to fire

December 13, 2021

Premium motor spirit (PMS), widely known as petrol, is the only refined petroleum product in Nigeria that the federal government still regulates its price. Deregulation has priced kerosene and domestic cooking gas (LPG) out of the reach of thousands of households in the lower end of the middle income bracket and inadvertently heralds the return to firewood as cooking fuel. Read More

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