The Federal Government, Wednesday, removed subsidy on Premium Motor Spirit, also known as PMS as it will now sell for N145 per litre.
NNPC sources this afternoon said marketers are now free to bring in cargoes and sell, subject to meeting standard quality control.
It however added that a benchmark of N145 per litre, as a recommended pump price, at which any trader, irrespective of the source of foreign exchange used to import cargo is guaranteed adequate profit.
Source: Vanguard
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