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Minister of State for Petroleum, Dr. IBE KACHIKWU says subsidy on petroleum products has been suspended

The Minister of State for Petroleum, Dr. IBE KACHIKWU says subsidy on petroleum products has been suspended owing to the current low price of crude oil in the international markets.

Dr. KACHIKWU said the situation will only be reviewed if crude oil prices increase.

The minister said this after inspecting the Kaduna refinery.

Dr. KACHIKWU said further price for the product will be communicated to Nigerians next year.

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