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Money wey naija use import fuel reach N836.67 billion

Naija spend N836.67 billion take import petrol and other petroleum products for the second quarter of 2019.

This one na according to d data wen show from the National Bureau of Statistics, NBS.

Data from the NBS show say the amount wen Naija spend take import petrol and other petroleum products rise by 193.98 per cent from d N284.599 billion wen dem spend for the first quarter of 2019.

Meanwhile

The current open market price for petrol na N163.68 per litre and dis one na according to the Petroleum Products Pricing Regulatory Agency PPPRA.

PPPRA talk dis one for their website as at November 15, 2019 and dis one so no rhyme wit the regulated pump price of N145/litre wen dem dey hail d product for filling stations.

This one so mean say the Nigerian National Petroleum Corporation NNPC wen currently na d only importer of petrol to Naija go dey pay N18.68/litre as subsidy for d product.

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