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Federal government apologizes for petrol price hike says President Buhari wasn’t aware

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From left: The Minister of State for Petroleum Resources, Mr Timipre Sylva, Governor Atiku Bagudu of Kebbi state, Mohammed Badaru of Jigawa state, then Bayelsa Governor-elect, David Lyon, President Muhammadu Buhari. 

 

The FG of Nigeria, through the Minister of State for Petroleum Resources, Timipre Sylva, has rejected the increase in the pump price of petrol as put forward by the Petroleum Products Pricing Regulatory Agency (PPPRA).
The agency announced on its website that Premium Motor Spirit (PMS) popularly referred to as petrol, could now be dispensed for between N209.61 and N212.61 per liter, in line with prevailing market fundamentals.

 

 

Following backlash and uproar from Nigerians across all social media platforms, the PPPRA deleted the pricing template from its website and followed up with a statement to say it only issued a pricing advisory in line with its mandate to monitor market trends and report accordingly

 

 

 

 

 

 

 

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