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High Oil Price: Be ready...

The Minister of State, Petroleum Resources, Chief...

High Oil Price: Be ready to bear pains of high cost, Sylva tells Nigerians

The Minister of State, Petroleum Resources, Chief Timipre Sylva has admonished Nigerians to be ready to bear the pains of increased petrol pump price as crude oil price climbs above $60 per barrel. Speaking at the official launch of Nigerian Upstream Cost Optimisation Program on Tuesday, Sylva said with no provision of subsidy in the 2021 budget, Nigerian National Petroleum Corporation, NNPC, cannot continue to bear the cost of under-recovery. Presently, the pump price of petrol ranges from N160 –N165, the price set when crude traded just above $43 per barrel,...
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High Oil Price:...

The Minister of State, Petroleum Resources, Chief Timipre Sylva has admonished Nigerians to be ready to bear the pains of increased petrol pump price...
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