Nigerians have expressed concern over the Federal Government’s announcement of a new price regime for premium motor spirit commonly known as petrol.
Minister of State for Petroleum, Dr. Ibe Kachikwu, who announced the new price of N145 per litre of petrol said, “We share the pains of Nigerians but, as we have constantly said, the inherited difficulties of the past and the challenges of the current times imply that we must take difficult decisions on these sorts of critical national issues.
“Along with this decision, the federal government has in the 2016 budget made an unprecedented social protection provision to cushion the current challenges.
“The Petroleum Products Pricing Regulatory Agency (PPPRA) will be announcing a new price band effective today, 11th May, 2016 and that the new price for PMS will not be above N145 per litre.”
Minister of State for Petroleum, Dr. Ibe Kachikwu, who announced the new price of N145 per litre of petrol said, “We share the pains of Nigerians but, as we have constantly said, the inherited difficulties of the past and the challenges of the current times imply that we must take difficult decisions on these sorts of critical national issues.
“Along with this decision, the federal government has in the 2016 budget made an unprecedented social protection provision to cushion the current challenges.
“The Petroleum Products Pricing Regulatory Agency (PPPRA) will be announcing a new price band effective today, 11th May, 2016 and that the new price for PMS will not be above N145 per litre.”
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