FEDERAL GOVERNMENT APPOLOGIZES TO NIGERIANS OVER THE LATEST HIKE TO 212.61 PETROL PRICE CONFUSION IN THE COUNTRY.
Written by miebaka ikiriko on March 13, 2021
The Federal Government has apologized to Nigerians over the latest to 212.61 petrol price confusion in the Country.
Speaking at the ground breaking for the Rungas Composite Cylinder Manufacturing Plant in Alaro City Free Zone, Epe, the Minister of State for Petroleum Resources, Mr Timipreye-Sylva, urged Nigerians to disregard the increase, explaining that it was a mix-up.
Meanwhile, the Petroleum Products pricing Regulatory Agency, PPPRA has declared that its publication of monthly template does not amount to increasing the price of petroleum products, as such increases are supposed to be determined by market forces, under the current deregulation of the sector.
Speaking at the ground breaking for the Rungas Composite Cylinder Manufacturing Plant in Alaro City Free Zone, Epe, the Minister of State for Petroleum Resources, Mr Timipreye-Sylva, urged Nigerians to disregard the increase, explaining that it was a mix-up.
Meanwhile, the Petroleum Products pricing Regulatory Agency, PPPRA has declared that its publication of monthly template does not amount to increasing the price of petroleum products, as such increases are supposed to be determined by market forces, under the current deregulation of the sector.
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