Thursday, February 9, 2023
  • About
  • Advertise
  • Careers
  • Contact
Newsjar.net
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Metro
  • Entertainment
  • Sports
  • Login
No Result
View All Result
Newsjar.net
Home News

No increment in price of petrol to 212 – Minister, Timipre Sylva

newsjar by newsjar
March 12, 2021
in News
0
Share on FacebookShare on Twitter

Timipre Sylva, Minister of State for Petroleum Resources, has said there will be no increment in the pump price of Premium Motor Spirit (PMS) until the conclusion of consultation with Organised Labour.

The News Agency of Nigeria (NAN) reports that Sylva who gave the assurance while addressing newsmen in Lagos on Friday was reacting to reports that the price of PMS, had been increased to N212.61 per litre.

He said: ”Irrespective of the source of that information, I want to assure you that it is completely untrue.

“Neither Mr President who is the Minister of Petroleum Resources nor myself who deputise for him as minister of state has approved that petrol price should be increased by one naira.

“I, therefore, urge you to disregard this misleading information.”

He explained that the government has been in consultation with organised labour to find the least painful option to respond to the global rise of crude price, which has inevitably led to an increase in petrol prices.

He said it was unthinkable that the government would unilaterally abandon these discussions and act in the manner suggested by the information under reference.

Sylva maintained that cynicism and deceit have never been the trademark of President Muhammadu Buhari’s administration.

“I will like to equally assure you that the engagement with the organised labour and other stakeholders will continue even as the calculations to arrive at a reasonable price regime are being done; all in good faith and you will be availed of the final outcome at the appropriate time.

“Until then, all marketers are strongly advised to maintain the current pump price of PMS before the emergence of this unfortunate information.

“Those who may want to take advantage of this unfortunate information to extort Nigerians should not give in to such temptations as there are regulatory mechanisms that government can enforce to protect its citizens.

“In conclusion, I want to sincerely apologise to all Nigerians for any distress and inconvenience the unfortunate information might have caused, “he said.

Share this:

Like this:

Like Loading…

Related posts

Pressure mounts one day to old naira deadline

Pressure mounts one day to old naira deadline

February 9, 2023
Dr Elkanah Garang welcomes Hon Manji Gontori to the APC Family

Dr Elkanah Garang welcomes Hon Manji Gontori to the APC Family

February 8, 2023
Previous Post

Nigerian music producer, Dokta Frabz laid to rest

Next Post

Kaduna school abduction: Govt declares 30 missing, 180 rescued (Photos)

newsjar

newsjar

Next Post
Kaduna school abduction: Govt declares 30 missing, 180 rescued (Photos)

Kaduna school abduction: Govt declares 30 missing, 180 rescued (Photos)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Entertainment
  • Metro
  • News
  • Opinion
  • Politics
  • Sports
  • Uncategorized

BROWSE BY TOPICS

2023 2023 presidency abia Abiodun anambra Angel APC APGA Atiku Baba Ijesha BBNaija breaking buhari Court cross davido ekiti Emmanuel Onwubiko Entertainment Enugu IMO INEC insecurity Liquorose Maria News Nigeria ogun Opinion ortom Osinbajo osun Oyo PDP Pere police Politics Saraki soludo Tinubu Top Headlines Umahi WhiteMoney Wike zamfara

Recent News

  • Pressure mounts one day to old naira deadline
  • FIFA Club W/Cup: Madrid Set Up Final Clash With Ighalo’s Al-Hilal
  • Dr Elkanah Garang welcomes Hon Manji Gontori to the APC Family

Category

  • Business
  • Entertainment
  • Metro
  • News
  • Opinion
  • Politics
  • Sports
  • Uncategorized
  • About
  • Advertise
  • Careers
  • Contact

© 2021 Newsjar - Powered and Design by TFEDesigns.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Opinion
  • Metro
  • Entertainment
  • Sports

© 2021 Newsjar - Powered and Design by TFEDesigns.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In