NNPC Retail Suspends Petrol Profit Margin for 30 Days: How the Sell-at-Cost Deal Works, Who Pays and What Happens Next
Behind the headline numbers of Nigeria’s 30-day petrol relief is a simple mechanism with a few unanswered questions. The Nigerian National Petroleum Company (NNPC) Limited has agreed to give up its retail profit margin on petrol for a month, so that its filling stations sell at cost, according to a statement from presidential spokesperson Bayo … Read more