NNPC Sends Message to FG on Petrol Imports as Landing Costs Increases to New High [Video]

• The Nigerian National Petroleum Company Limited (NNPC) has asked for a refund of N4.71 trillion used for petrol imports
• The amount is listed as an exchange differential on PMS and other joint venture taxes on PMS imports
• The development comes amid claims by petroleum marketers that the landing cost of petrol has exceeded N1,000 per litre 

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Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The Nigerian National Petroleum Company Limited (NNPC) has demanded that the Nigerian government refund about N4.71 trillion to settle outstanding debt in petrol imports.

The claim was reportedly listed as an Exchange rate differential on PMS and other joint venture taxes on petrol products imported by the national oil company between August 2023 and June 2024.