test

Petrol Pricing Will Be Fully Deregulated Says Federal Government

Minister of State for Petroleum, Timipre Sylva has said that the full deregulation of petrol price should be expected by Nigerians very soon.

He spoke amid controversy over whether a new price template of N206 per litre from N162 – N163 for March is about to be introduced.

The Minister spoke at the University of Ibadan during the opening of the 56th Annual International Conference and Exhibition of the Nigeria Mining and Geoscience Society (NMGS)

Sylva said: “We have been talking about deregulation for decades. Unfortunately, we have not succeeded. We have succeeded in deregulating some products.

“Kerosene has been fully deregulated; diesel has been fully deregulated. But deregulation of PMS (petrol) has continued to elude us. We expect that this year, we will be able to achieve that.

“But, before we do that, we want to apply the principle of tolling the roads. Before you toll a road, you are expected to give an alternative.

“So, what we want to do for Nigerians is to give a credible and cheaper fuel as an alternative before we fully deregulate and we believe we will be able to achieve this later this year.

“And this, of course, is going to be a responsible way of also maintaining our environment.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles