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.
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The usual outcry by Nigerians on fuel hike, resurfaced on Tuesday when the Minister of State for Petroleum Resources, Chief Timipre Sylva alerted the public to get ready for another increment.
Sylva, who spoke at the launch of the Nigerian Upstream Cost Optimisation Programme in Abuja on Tuesday said, “Since we are optimising everything, NNPC (Nigerian National Petroleum Corporation) needs to also think about the optimisation of product cost because as we all know, oil prices are where they are today: $60.
“As desirable as this is, this has serious consequences as well on product prices. So we want to take the pleasure and we should as a country be ready to take the pain.
Outcry as FG plots to increase fuel price
The usual outcry by Nigerians on fuel hike, resurfaced on Tuesday when the Minister of State for Petroleum Resources, Chief Timipre Sylva al.
The usual outcry by Nigerians on fuel hike, resurfaced on Tuesday when the Minister of State for Petroleum Resources, Chief Timipre Sylva alerted the public to get ready for another increment.
Sylva, who spoke at the launch of the Nigerian Upstream Cost Optimisation Programme in Abuja on Tuesday said, “Since we are optimising everything, NNPC (Nigerian National Petroleum Corporation) needs to also think about the optimisation of product cost because as we all know, oil prices are where they are today: $60.