Now Reading
Expect Full Deregulation Of Petrol price – FG Tells Nigerians

Expect Full Deregulation Of Petrol price – FG Tells Nigerians

The Federal Government has asked Nigerians to expect the full deregulation of petrol price before the end of the year.
Minister of State for Petroleum, Timipre Sylva, made this known during the opening of the 56th Annual International Conference and Exhibition of the Nigeria Mining and Geoscience Society (NMGS) at the University of Ibadan on Tuesday.

Sylva said that the Buhari-led administration wants to give Nigerians a credible and cheaper fuel as an alternative before the full deregulation.

He 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.

See Also

“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.”

View Comments (0)

Leave a Reply

Your email address will not be published.

© Copyright 2023 All Rights Reserved | Designed by Renix Consulting

Scroll To Top