President Buhari To Take Action On Cooking Gas Price Hike

The Minister of State for Petroleum, Timipre Sylva, has revealed that President Muhammadu Buhari is aware and bothered about the hike in the price of cooking gas and is promising action to improve the situation.

He said this while speaking with State House correspondents after a meeting with the President in his office where he presented CEOs of two new agencies: the Nigerian Upstream Regulatory Commission (NURC) and the Nigerian Downstream and Midstream Petroleum Regulatory Authority (NMDPRA) at the statehouse.

The minister further said that the government has no control of the prices, instead, it is the international market that is in charge of the price of the commodity.

In conclusion, Sylva promised Nigerians that some elements of the pricing will be adjusted internally for a reduction, majorly in view of the festive season.