The Federal Government of Nigeria on Monday said it has not removed subsidies on the Premium Motor Spirit (PMS), also called petrol.
Timipre Sylva, the Minister of State for Petroleum Resources, expressed 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 responding to the increase in pump price of petrol by marketers from N165 per liter to N169, N184 and N218 per liter, depending on the region in the country’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.”
Recall that there was fuel scarcity recently in Abuja and a few other cities across the nation.
Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post.