Oyetunji said this in an interview with the News Agency of Nigeria on Friday in Lagos.
Browsing: fuel prices
The Ministry of Mines and Energy (MME) said the increase will take effect from June 1, citing higher global oil prices.
“No. Government is very clear. The fuel subsidy regime is not sustainable. The PPMC, NNPC and the PPPRA made that clear in April. What they said was that the Federal Government can no longer pay subsidies on petrol and that prices will be determined by market forces. In any case, there is no provision for subsidy payments in the 2020 budget”
Chief Ugochukwu Nnam, National Coordinator of the group, who gave the commendation in an interview with the News Agency of Nigeria, assured Nigerians of the long-term benefits of the removal.
The party said this in a statement by its National Publicity Secretary, Kola Ologbondiyan, on Tuesday.
According to the new template, the expected open market price of the Premium Motor Spirit has risen to N99.38 per litre for independent and major oil marketers and N98.62 per litre for Nigerian National Petroleum Corporation retail outlets
In a statement issued in Lagos on Tuesday by its Interim National Publicity Secretary, Alhaji Lai Mohammed, the party said the fact that the scarcity has persisted despite the claims and counter-claims by the government and the oil marketers, and the measures purportedly taken by the government to ameliorate the situation, is the clearest indication of official deception