The Nigerian National Petroleum Company (NNPC) Limited has dismissed speculations of an alleged dispute with independent petroleum marketers over subsidy on petrol.
In a statement issued yesterday, NNPC spokesman, Olufemi Soneye, said subsidy has been entirely removed on petrol.
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The World Bank, arguing that gains in net oil revenue of the federation were lower than what they should have been, had said the NNPC was not transparent about the financial gains from fuel subsidy removal, and that subsidy was not entirely gone.
Countering the World Bank’s claims, the NNPCL boss, Mele Kyari said the company was recovering the full cost from imported products.
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