FG No Longer Fixes Petrol Price, Says Minister

FG, No Longer, Fixes Petrol Price, Sylva

Nigeria’s minister of state for petroleum resources, Timipre Sylva, has said the federal government does not fix petroleum any longer in the country.

“Government is no longer in the business of fixing prices for petroleum products, we have stepped back”, he told journalists at a briefing on Thursday, adding that “Our focus now is on protecting the interest of the consumers and making sure that marketers are not profiteering.

Sylva said government cannot fund subsidy, hence would not adopt that as an option, noting that current happenings were for the economic survival of the country.




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