Refineries Photo:Pixabay
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to allow investors to take over the running of the country’s three refineries.
Alhaji Danladi Pasali, National Secretary of IPMAN, stated this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.
He spoke while reacting to a report that the pump price of petrol might likely get to N190 per litre and the price of crude oil hit 60 dollars per barrel in the international market. x
Speaking at the official launch of Nigerian Upstream Cost Optimisation Programme in Abuja, Minister State for Petroleum Resources, Chief Timipre Sylva said with no provision of subsidy in the 2021 budget, the Nigerian National Petroleum Corporation, cannot continue to bear the cost of under-recovery.
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian Government to allow investors to run the three refineries.
National Secretary of the association, Alhaji Danladi Pasali stated this in an interview with the NAN in Abuja on Wednesday.
His comment was in reaction to the report that the pump price of petrol might likely get to N190 per litre due to the recent increase in crude oil price.
Recall that the Minister State for Petroleum Resources, Chief Timipre Sylva had asked Nigerians to get ready for increment in fuel price, stating that there was no provision for subsidy in the 2021 budget.