Tag: Timipre Sylva

PIB: “Petrol price remains N162 per litre until…” FG

Aminu Imam

Cooking gas prices to drop  The Federal Government has declared the pump price of petrol will remain at N162 until it agrees with the Organised Labour for full deregulation of the downstream petroleum sector. Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this in a chat with newsmen in Abuja. According to him, it is now constitutional for Nigeria to deregulate the oil and gas sector. However, when he was asked to state the deregulation date, the minister refused to reveal the time. He noted: I cannot give…

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‘Fuel subsidy will stay because government is being considerate’ Minister

Aminu Imam

The Minister of State for Petroleum, Timipre Sylva, has said that the fuel subsidy regime will stay for the time being because the government is being considerate of citizens. The Minister who spoke in an interview with Channels Television yesterday, noted that the government has not set any date yet for subsidy removal. I cannot give you a date for now; but the Vice-President is actually leading the efforts and very soon, we will tell Nigerians what date the removal of subsidy will kick in, he said. Sylva explained that…

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“How Nigeria accidentally discovered 206tr cubic feet gas reserve” Sylva

Aminu Imam

Says gas is Nigerias hope for economic development The Minister of State for Petroleum, Chief Timipre Sylva, has said the country accidentally discovered 206 trillion cubic feet of gas, (tcf), reserves while searching for crude oil. Sylva, who revealed this in Abuja at a Nigeria News Agency, (NAN) forumto highlight the achievements in the oil and gas sector since taking office, said the country could uncover an additional 600tcfof reserve to enable it to achieve development. desired from a gas nation. We were actually going to look for crude oil and…

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‘FG to retain fuel price in June’ – Minister

Aminu Imam

Asks Nigerians to avoid panic buying There will be no increase in the price of Premium Motor Spirit, also known as petrol, in June, the Federal Government has assured Nigerians. The Minister of State for Petroleum Resources, Timipre Sylva, gave the assurance in a statement on Friday in Abuja, the Federal Capital Territory, (FCT). He noted that while the decision of the government was in contradiction to the present situation in the petroleum markets, it remained committed to its engagement with the organised labour. He explained that the clarification became…

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‘No fuel price increment until conclusion of FG, Labour talks’ Sylva

Aminu Imam

  Urges Nigerians not to panic Chief Timipre Sylva, Minister of State for Petroleum Resources, says there will be no increment in the pump price of Premium Motor Spirit (PMS) until conclusion of consultation with Organised Labour. Sylva gave the assurance while addressing newsmen yesterday, in Lagos. The minister said the clarification was necessitated by reports that the price of PMS, commonly known as petrol, had been increased to N212.61 per litre. According to him, for the past few months, the government has been in consultation with organised labour to…

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FG refutes increase in petrol pump price, apologises

Aminu Imam

Urges Nigerians not to panic The Minister of State for Petroleum Resources, Timipre Sylva, has dismissed claim of increase in fuel price to N212. The Minister, who made the assertion during the ground-breaking ceremony for a composite cylinder manufacturing plant in Alaro City, FZE, Epe, on Friday, also apologised to Nigerians over any inconveniences they might be experiencing. According to him, the Federal Government does not have any plan to increase petro price now. Sylvas statement came on the heel of Petroleum Products Pricing Regulatory Agency (PPPRA) increasing PMS to…

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FG to begin oil production in North-East, Says Petroleum Minister

Aminu Imam

…Warns Nigerians to be ready to bear pains of high petrol cost The Minister of State for Petroleum Resources, Timipre Sylva, has revealed plans by the Federal Government to begin oil production in the North-East. Sylva stated this during a recent interview on a television programme in Abuja, which aired on Monday. I have said it a few times that we have found oil in the North-East and we have started drilling activities in the Lake Chad Basin, he said, adding: I dont know how the discovery of oil in…

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‘Nigerians should be proud we are importing petrol from Niger Republic’ Sylva

Aminu Imam

Says FG hasn’t completely removed subsidy  The Minister of State for Petroleum Resources, Timipre Sylva, has said that Nigerians should be proud of the decision by the Federal government to import refined petrol from Niger Republic.  The Federal government, through the Ministry of Petroleum Resources, signed a Memorandum of Understanding, (MoU) with the government of Niger Republic for the importation of petroleum products. The decision triggered a lot of backlash from many Nigerians, who described it as an act of retrogression for the country. However, Sylva, clarified the governments actions…

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Fuel price hike caused by Pfizers COVID-19 vaccine breakthrough FG

Aminu Imam

The Minister of State for Petroleum Resources, Timipre Sylva, said the hike in the price of petrol was as a result of an American pharmaceutical company, Pfizers recent breakthrough in the fight against the COVID-19 pandemic. Picture caption: COVID-19 vaccine Speaking with the State House correspondents after a closed-door meeting with President Muhammadu Buhari in Abuja yesterday, Sylva said the announcement of a COVID-19 vaccine by Pfizer triggered a slight increase in the price of crude oil in the global market. According to him, the pump price of petrol is…

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Petrol pump price increase beyond Buharis control – Sylva

Ishaku Yohanna

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…

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