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FG blames marketers for increase in fuel price, says fuel subsidy is still in place

Aug 2, 2022

The federal government has blamed the increase in fuel price across the country on marketers. 

 

Speaking at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stakeholders’ consultation forum on regulations held in Abuja on Monday August 1, Timipre Sylva, minister of state for petroleum resources said that fuel subsidy is still in place and has not been deregulated. 

 

He said; 

 

“Well, I can tell you authoritatively that we have not deregulated. The government is still subsidising, if there are increases in the price, it is not from the government, it is probably from the marketers.

“But, of course, I will talk to the NMDPRA’s chief executive to ensure that they regulate the prices. But this is not from the government because we have not deregulated.”