Sunday Standard

Gov’t Struggles to clear fuel debt
Government has reiterated its difficulties in settling outstanding payments to oil companies, as rising global crude oil prices continue to strain the National Petroleum Fund (NPF). Speaking in Parliament, Minister of Minerals and Energy Bogolo Kenewendo said the fund has disbursed over P262 million in fuel subsidies over the past three months but still owes oil companies about P350.6 million in outstanding claims.
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The post Gov’t Struggles to clear fuel debt first appeared on Sunday Standard and is written by Sunday Standard Reporter