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Official : FG Reveals Official Petrol Pump Price And When It Will Deregulate

Official : FG Reveals Official Petrol Pump Price And When It Will Deregulate

Minister of State for Petroleum Chief Timipre Sylva in a media briefing on Tuesday in Abuja revealed that the official pump price for petrol remains N162 , and it will remain the same until the Federal Government agrees with Organised Labour for full deregulation.

Furthermore, he revealed that President Muhammadu Buhari will have a release specifically on the petroleum Industry while confirming that Nigeria can now legally regulate the sector. However, he refused to give a timeline for this regulation process. infoguidenigeria.com

He said: I cannot give you a timeline now. But it is not going to be too far from now because we have done quite a lot of extensive work.”

He noted that everything boils down to the Government and the organised labour. He concluded by confirming the pump price: Dollar to Naira

He concluded, “So we will keep it here at N162 within that band now for the time being but we are also in the time at the moment trying to work out to allow the deregulation to come to fruition.”




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Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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