FUEL SCARCITY: No solution in sight after N413 billion subsidy approval

FUEL SCARCITY: No solution in sight after N413 billion subsidy approval

The scarcity of Premium Motor Spirit (PMS), commonly known as petrol, which hit the country few days ago, is beginning to subside following the approval of N413billion by the Federal Government for immediate payment of outstanding subsidy claims to oil marketers in the country . The payment according to government was to facilitate importation of petroleum products to ease scarcity, which has become a recurring crisis, especially in the last quarter of every year.

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