Abuja - The Federal Government are now looking to standardise the price of petrol, as it removed subsidy from any selling of petrol with immediate effect, Vanguard reports.
Petrol, also lesser known as Premium Motor Spirit, PMS will now be sold with a guaranteed profit promised to any traders.
Also read: Nigerians paid double for petrol in April
The Federal Government are hoping to avert a fuel crisis as there has been a scarcity of petrol throughout the country.
The NNPC stated that with the new recommended prices, traders would benefit regardless of the source of foreign exchange.
For more on this story, visit Vanguard.
- News 24