Petrol N500/ltr, as subsidy removal takes effect
*NNPCL confirms hike, adjusts pumps nationwide *Borno, Yobe most expensive states with N557 per litre *Lagos remains least with N488 per litre *Deregulation’ll enhance growth — NEITI; *FG’s meeting with NLC, TUC ends in deadlock *Meeting to reconvene Sunday, as labour leaders meet Friday, *FG should rehabilitate refineries —NECA *APC govs back Tinubu on subsidy removal, say, Atiku, Obi also promised same NIGERIA’s petroleum industry regulators and operators have formally effected a subsidy withdrawal, sending retail prices up by about 170 per cent to N500 per litre from the official rate of N185 per litre. The new price template took effect yesterday, as the Federal Government’s meeting with the Nigeria Labour Congress, NLC, and Trade Union Congress, TUC, on the issue ended in deadlock in Abuja. President Bola Tinubu had declared subsidy “gone” in his inaugural speech on Monday. The document communicating details of the new pricing regime also indicated that with N557 per litre, Borno ...