FG apologizes to Nigerians over petrol hike confusions

The Federal Government on Friday, apologized to Nigerians over the latest N212.61 petrol price hike that let to confusions in the country.

The Minister of State for Petroleum Resources, Mr Timipreye Sylva, while speaking at the groundbreaking for the Rungas composite cylinder manufacturing plant in Alaro City Free Zone, Epe, Lagos, urged Nigerians to disregard the increase, explaining that it was a mix-up. Meanwhile, the Petroleum Products Pricing Regulatory Agency (PPPRA), has declared that its publication of monthly template, does not amount to increasing the price of petroleum products, as such increases are supposed to be determined by market forces, under the current deregulation of the sector.

Read more details at Vanguard

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