Without the current subsidy on petrol, the actual importation and retail cost would be at N410 per liter as market conditions take the price to thrice of the N170 pump price.
This was disclosed by the Group Chief Executive Officer of NNPC Limited, MR Mele Kyari.
MR Kyari also justified the engagement of private security contractors to secure its facilities in an effort to fight against oil theft in the country, saying it has paid off
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