• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, May 18, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

FG Orders Massive Distribution Of Petrol To Marketers

by NewsOnline Nigeria
February 11, 2023
in Economy And Business
0
Petrol

Mr Timipre Sylva

FG has ordered massive distribution of Petrol to Marketers.

 

NewsOnline reports that Mr Timipre Sylva, Minister of State for Petroleum Resources, says Federal Government has taken bold actions to stop the ongoing petrol crises across the country while assuring massive distribution of the product.

 

Sylva gave the assurance after his tour of some selected petroleum dispensing outlets in Lagos on Friday

 

ALSO: Full Names Of All Members of Buhari Presidential Transition Council

 

He said that he came on the directive of President Muhammadu Buhari, to assess the situation of things with regard to distribution and adherence to price regulation.

 

The minister said that an inter-ministerial intervention, initiated by government, has set out to ensure proper management of petrol distribution across the country.

 

He reassured that with the current steps, all hiccups leading to the current situation was been addressed.

 

According to him, the situation is pleasant because he observed availability of products in the state.

 

“Fuel is everywhere, both in Lagos and Abuja.

“I visited many stations in Ikeja and on the mainland. From every indications, there are products everywhere and I want to assure you that the queues will disappear in a matter of days”, he said.

 

NewsOnline Nigeria reports that the minister said the situation, witnessed in Lagos, had been achieved in 15 states across the country, adding that the President had ordered that queues must be cleared, immediately.

 

On arbitrary price hike by some marketers, he said that he had directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to upscale its regulatory activities and ensure marketers abide by current price regime.

 

He said that the Nigerian National Petroleum Company Ltd., (NNPCL), retail outlets were selling at N184 per liter and over 900 outlets operated by the company were selling at same price.

 

“And that is the official price everybody is expected to sell, but l admitted there are sharp practices still ongoing.

Explaining how the situation degenerated into the crises point, Sylva said that government did not see it coming.

 

According to him, sabotage plays a key role in the sector as those who do not mean well for the country take advantage of the upcoming elections, to create panic by engaging in market disruptions.

Previous Post

BREAKING: Naira Gains Slightly Against Dollar

Next Post

BREAKING: Peter Obi Supporters Under Attack In Lagos [VIDEO]

Next Post
Peter Obi

BREAKING: Peter Obi Supporters Under Attack In Lagos [VIDEO]

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: justice@newsonlineng.com

OFFICE ADDRESS

6th Ave, Amuwo Odofin, Lagos 102213, Lagos

+2348161846326

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria