The Federal Government of Nigeria has said it has not removed subsidies on the Premium Motor Spirit (PMS), also known as petrol.
Timipre Sylva, the Minister of State for Petroleum Resources, stated this while speaking with newsmen in Abuja.
Sylva spoke on the sidelines of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stakeholders’ consultation forum on regulations.
The minister was reacting to the increase in pump price of petroleum by marketers from N165 per litre to N169, N184 and N218 per litre, depending on the area in the nation’s capital and other states.
He said, “I can tell you authoritatively, we have not deregulated. The government is still subsidising petrol prices. If there are increases in price, it’s not from the government.
“It is probably from the marketers, but of course, I will talk to the authorities to ensure that they actually regulate the price. This isn’t from the government, we’ve not deregulated.
“But a lot is going on to ensure that the queues end. As of yesterday, I noticed that the queues in Abuja are easing off.”
Dunamis Testifier and a Bsc Law Celebrity, has been arrested and detained by the Nigeria…
Tragedy struck in Zamfara State as armed bandits launched a deadly attack, resulting in the…
Reports indicate that at least seven travellers have been abducted while travelling along the Onne…
The Central Bank of Nigeria (CBN) has mandated all Point-of-Sale (PoS) operators across the country…
Here's a full list of exemptions from the cybersecurity levy imposed by the Central Bank…
IDOMA VOICE reports that the Central Bank of Nigeria, CBN, has asked all banks in…