- The ministry of petroleum resources has disclosed that the Buhari administration is no longer fixing the pump price of petroleum products
- The disclosure was made by Timipre Sylva, the minister of state for petroleum resources
- Sylva told journalists during a briefing that the pump price of petroleum products was being fixed by marketers
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The ministry of petroleum resources has disclosed that the Buhari administration is no longer fixing the pump price of petroleum products in the country.
The disclosure was made by Timipre Sylva, the minister of state for petroleum resources on Thursday, September 3, NAN reported.
Sylva told journalists during a briefing that the pump price of petroleum products was being fixed by marketers.
He said all the government does is to ensure that marketers do not exploit the consumers.
“Government is no longer in the business of fixing prices for petroleum products, we have stepped back.
“Our focus now is on protecting the interest of the consumers and making sure that marketers are not profiteering,” the minister said.
He stated that it was inappropriate to blame the government for the recent increase in fuel price.
Sylva explained that President Muhammadu Buhari would never have allowed an increase in pump price if the decision depended on him.
He noted that the recent fuel price increase was inevitable because the COVID-19 pandemic had forced the price of crude oil to zero zone.
Meanwhile, a former senator from Kogi, Dino Melaye, has vehemently decried the federal government's order for the increase of petrol price to N151.56 per litre which has already taken effect in some states.
On his Twitter page, Melaye described the move as wicked and insensitive and went on to say that at a time like this, the decision will affect Nigerians negatively.
The government's position has fuelled a lot of backlash from prominent Nigerians like Melaye and even political groups such as the Peoples Democratic Party (PDP) which the former outspoken lawmaker belongs to.
In another report, a former vice president, Atiku Abubakar, has rejected the recent hike in electricity tariffs. This is contained in a statement he posted on Twitter on Thursday, September 3.
According to Atiku who was also the presidential candidate of the Peoples Democratic Party (PDP) in the last presidential election, what Nigerians need is stimulus and not disregard for their challenges.
He argued that many Nigerians have not earned income for months due to the impact of the coronavirus pandemic.
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