The Minister of State for Petroleum Resources, Chief Timipre Sylva speaks on the speculated increase in the Prices of fuel.
The Hon. minister declined in totality that there will be “no” increase in the prices of fuel.
He stated this,during a briefing with reporters in Abuja on Tuesday.
According to the Minister,President Mohammed Buhari will throw more light on the PIB Bill on Wednesday.
He however noted it is now constitutional for Nigeria to deregulate the oil and gas sector.
“I cannot give you a timeline now. But it is not going to be too long from now, because we have done quite a lot of extensive work.
For now,according to him,Fuel remains at N162/Litre.
