The House of Representatives has mandated its Committees on Petroleum Resources (Downstream) and Gas Resources to investigate the outrageous rise in the prices of diesel and cooking gas in the country. The committees were given a time frame of six weeks by the House to conclude the assignment. The motion, which led to the resolution,…
Tags: diesel
FG May Put Tax On Petrol, Diesel, Kerosene
In its efforts to increase revenue in this economy downturn, the Federal Government may begin to collect tax from Nigerians on petrol, diesel, kerosene and other petroleum products they consume. In a report made available to the Ministry of Finance, the Petroleum Products Pricing Regulatory Agency, PPPRA, disclosed taxation of petroleum products is revenue potential…