Petrol subsidy payment hits N240.5bn The Punch The Federal - TopicsExpress

Petrol subsidy payment hits N240.5bn The Punch The Federal Government on Monday moved to avert a nationwide petrol scarcity as it released fresh N48bn to oil marketers. The payment was confirmed through a statement issued by the Special Adviser on Communications to the Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday night in Abuja. The fresh N48bn, which was paid to 26 oil marketers, brings the total amount so far released for subsidy payment by the ministry in the 2013 fiscal period to N240.5bn. The beneficiaries are AITEO Energy Resources Limited, Ascon Oil Company Limited, Conoil Plc, Dee Jones Petroleum and Gas, Dozzy Oil and Gas Limited and Forte Oil Plc. Others are Fresh Synergy Limited, Gulf Treasures Limited, Integrated Oil and Gas Limited, IPMAN Investment Limited, Masters Energy Oil and Gas Limited, Mobil Oil Nigeria Plc, and NIPCO Plc. The rest are RainOil Limited, Sahara Energy Resources, Swift Oil Limited, Techno Oil Limited, Total Nigeria Plc, Bovas and Company, Heyden Petroluem, MRS Oil and Gas, Shorelink and Aiteo Energy Resources.

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