Oil marketers refusing to cut prices of diesel, others — Minister
The Minister said the continued intervention in the pricing process was the responsibility and duty the government owes Nigerians to protect and safeguard fuel consumers from exploitation by oil marketers.
““Deregulation of the downstream sector of the petroleum industry was approved on the 19th of March. Since then, fuel prices have been reviewed twice. Yet, marketers deliberately refused to bring down the cost of diesel and other petroleum products whose landing costs had also reduced,” the minister said.
“Look at our battle with marketers. We brought down the price of PMS, because the landing cost had come down. But, the marketers refused to bring down the prices of diesel and other deregulated commodities, even though their landing costs had come down also,” the Minister said. In the event of such eventuality, he said the government was already in the race to provide a cheaper alternative to petrol, in the form of Compressed Natural Gas for cars.Despite the reduction in the pump price of petrol, the Minister lamented that food prices and other commodities and services, like transportation, were yet to come down.
On the LPG policy, he said the government was planning to set up 32,000 micro-distribution centres for LPG, also known as cooking gas, across the country.
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