Senate uncovers NNPC retail receives subsidised fuel, approves N129b for 67 Marketers

The Senate on Thursday approved N129.048 billion for payment of final tranche of subsidy for 67 oil marketers.

The Senate took the decision following the consideration of the report of the Senate Committee on Petroleum Downstream Sector.

The committee discovered in its findings also that retail outlets of the Nigeria National Petroleum Corporation get their petroleum products allocation directly from the Petroleum Products Marketing Company at already subsidised rates.The Senate on Thursday approved N129.048 billion for payment of final tranche of subsidy for 67 oil marketers.

The Senate took the decision following the consideration of the report of the Senate Committee on Petroleum Downstream Sector.

The committee discovered in its findings also that retail outlets of the Nigeria National Petroleum Corporation get their petroleum products allocation directly from the Petroleum Products Marketing Company at already subsidised rates.

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