Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, says fuel subsidies have not been reinstated.
His comments are in opposition to oil marketers who say that the federal government has restored the subsidy for premium motor spirit (PMS), also known as petrol.
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Following a meeting with President Bola Tinubu, Mr Kyari told State House reporters that the NNPCL is recovering its full cost from the market.
He expressed understanding for why the marketers are unable to import products, and said he hopes that situation changes quickly.
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