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Page 29 - அமைச்சகம் ஆஃப் பெட்ரோலியம் வளங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

FG Gets Report on Gas Affordability, May Slash Prices

By Emmanuel Addeh The federal government may review downward the prohibitive prices of gas in the country, following the submission of a report to that effect by the Ministry of Petroleum Resources in Abuja. Despite the government’s much-touted focus on gas as a cleaner source of energy, especially to discourage the use firewood by Nigerians, there have been complaints about the high prices of the product which currently range between N5,000 and N5,500 for a 12-kilogramme container of Liquefied Petroleum Gas (LPG). In June last year, the government set up a committee to recommend an appropriate pricing framework for the strategic sectors of Nigeria’s domestic market, including for retail and industrial uses.

FG buying time to increase fuel price ― Femi Falana

Vanguard News FG buying time to increase fuel price ― Femi Falana On By Rasheed Sobowale Senior Advocate of Nigeria (SAN), Femi Falana, in an interview with VanguardLive TV, has claimed that the Federal Government was buying time towards increasing the fuel price. Falana, who was responding to a question regarding the purported fuel price hike across the nation, stated that the PPRA who released a statement regarding fuel pricing lacks the constitutional power to do so. According to him, such power as mandated by the International Monetary Fund (IMF) belongs to the market forces. In a press statement obtained by Vanguard, the Agency noted that its releases which were quoted to be indicative of price hike “was only indicative of current market trends and do not translate to an increase in the pump price of PMS.

PMS pricing: Stakeholders lament government s indecisionNigeria — The Guardian Nigeria News – Nigeria and World News

PMS pricing: Stakeholders lament government s indecisionNigeria — The Guardian Nigeria News – Nigeria and World News
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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