The Minister of State for Petroleum Resources, Timipre Sylva, has reiterated that the federal government is no longer fixing the pump price of petroleum products in the country. Sylva made this known while briefing journalists on the increase in the pump price of Premium Motor Spirit (PMS), also known as petrol. Recall that the Petroleum Product Marketing Company (PPMC) had on Wednesday announced a new Ex-depot price of N151.56 for petrol. Ex-depot price is the price marketers buy products from depot owners. An increase or decrease in ex-depot price has…
Read MorePetrol pump price increase beyond Buhari’s control – Sylva
