Sign in
  • Home
  • News
    • Defence
    • Foreign
    • Pictures
    • Africa
  • Politics
  • Business
    • Aviation
    • Capital Market
    • Coronavirus
    • Energy
    • Finance and Banking
    • Industry
    • Insurance
    • IT & Tel
    • Property
    • Transport
    • Aviation
    • Industry
    • Energy
  • Sports
    • Ronaldo
  • Entertainment
    • Scoop
  • Features
    • Special Contribution
    • Art
    • Tourism
    • Opinion
Sign in
Welcome!Log into your account
Forgot your password?
Password recovery
Recover your password
Search
3.7 C
New York
Thursday, March 4, 2021
  • Sign in / Join
  • Home
  • About
  • Advertise
  • Contact Us
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Infotrust News
  • Home
  • News
    • AllDefenceForeignPictures
      Headlines

      I’m Not Power-Hungry – Matawalle Gives Condition To Resign As Zamfara…

      Akiolu, others donate cash, relief items to collapsed building victims |
      #EndSARS

      Endsars: Nigerians React As Oba Of Lagos, Akiolu Claims $2m Was…

      Headlines

      Buhari, Osinbajo To Receive COVID-19 Vaccines On Saturday

      News

      Meghan Accuses Buckingham Palace Of ‘Perpetuating Falsehoods’

    • Africa
  • Politics
    • Headlines

      Drunkard Comment: Gov Ikpeazu Finally Responds To Senator Smart Adeyemi

      Politics

      Leader Can Even Be Called Upon To Rule Again After Losing…

      Politics

      Governors’ Intervention Will Help Resolve Imo Crisis, Says APC

      Politics

      Imo: I Have The Strongest Political Structure – Okorocha To Uzodinma…

      News

      ‘There’s No Better Successor For Buhari Than Tinubu’

  • Business
    • AllAviationCapital MarketCoronavirusEnergyFinance and BankingIndustryInsuranceIT & TelPropertyTransport
      Business

      $11m Debt: We’re Under No Winding-up Order, Says StarTimes

      Business

      Nigeria’s Level Of Borrowing Not Unreasonable – Finance Minister

      Business

      FG Attributes Exit From Recession To Fiscal, Monetary Policies

      Business

      Banks Turning Female Marketers To Sexual Slaves – Senator

    • Aviation
    • Industry
    • Energy
  • Sports
    • AllRonaldo
      News

      COVID-19 Kills Ronaldinho’s Mother

      Headlines

      BREAKING: NPFL: Bus Carrying Wikki Tourists Players Bursts Into Flames

      Headlines

      Williams Breaks Down In Tears After Australian Open Semi-final Defeat

      Sports

      Champions League: Barcelona’s Squad To Face PSG Confirmed

  • Entertainment
    • AllScoop
      Entertainment

      Actors Mourn Veteran Broadcaster Sadiq Daba

      Entertainment

      Dwayne ‘The Rock’ Johnson Hints On Running For US Presidency

      Entertainment

      Bandits: Who Is Settling Nigerian Youths Not Going Into Crime –…

      Entertainment

      Vanessa Bryant Blasts Meek Mill Over ‘Disrespectful Lyrics About Kobe Bryant’

  • Features
    • AllSpecial Contribution
      Features

      Okonjo-Iweala: Africa’s Meal Ticket At WTO?

      Africa

      PhD Graduate Who Renounced His Nigerian Citizenship Expelled From South Africa

      Features

      Serving Humanity Is My Passion-Sanusi, CEO, Ilaji Hotels and Resort

      Features

      Seven Ways To Detect Hidden Camera In A Hotel Room

    • Art
      • Art

        New Afrika Shrine Karnival To Hold On Jan 17th & 18th

        Art

        Trump’s Reaction To A Nigerian Artist Painting

        Art

        A Peek Into The World Of Afro-beat: Edaoto

        Africa

        Belgian Festival Draws Criticism Over Blackface ‘Savage’ Character

        Art

        Ekiti Gov., Kayode Fayemi Kicks-Off Festivals Of Arts And Culture

    • Tourism
      • Africa

        I’ve Given Up On Music, My Focus Is On Selling Bread…

        Features

        And Araba Transforms To Leopard

        Headlines

        Ekiti Tourism: 2000 Tourism Entrepreneurs, Artisans To Benefit From Sterling Bank…

        Africa

        Africa Travel Week Unveils 2021 Roadmap To Reignite Travel And Tourism…

        Features

        Five Destinations Open For South African Travellers

    • Opinion
      • Opinion

        Ngozi: By Way Of Congratulations

        Opinion

        Trouble With Fighting Corruption  in Nigeria 

        Opinion

        Further Notes To The Nigerian Left

        Opinion

        The Crises Of Nationhood And The Yahaya Bello Presidency: A Reminder…

        Opinion

        Hon  Gaya’s Bumper   Constituency Empowerment 

Home Business Timipre Sylva Explains Fuel Price Hike After Briefing Buhari
  • Business
  • Energy
  • Headlines
  • News

Timipre Sylva Explains Fuel Price Hike After Briefing Buhari

By
Don Silas
-
November 17, 2020
Share on Facebook
Tweet on Twitter

Timipre Sylva, the Minister of State for Petroleum Resources, on Monday, explained the recent increment in the pump price of petrol from between N158 and N162 per litre to N168 and N170.

Sylva also said that kerosene and diesel were even more important to the ordinary Nigerians than petrol, which he claimed was mostly used by the elite.

He stated this while speaking to State House correspondents at the Presidential Villa, Abuja on Monday after his regular briefing of President Muhammadu Buhari.

Sylva said: “Look at it, a situation where diesel has been deregulated long ago, a situation where kerosene has been deregulated long ago, and these are the fuels the poorest people in Nigeria interact with more. Why do I say that?

“If you want to transport food from the north to the south, it’ll be by trucks that are run by diesel, not with petrol. Those trucks that transport food from the north to the south are usually run by diesel.

“Kerosene is the preferred fuel at the lowest level of our society. These have been deregulated long ago. So, what’s the problem with deregulation of petrol, which is mostly used by the elite?

“Let us be fair to this country, let us be fair to the poor people in this country.

“If we’ve deregulated what they were using, then there’s actually no reason why we should continue to subsidise petrol. I feel so. That’s my personal feeling.”

Source: Daily Post

SHARE
Facebook
Twitter
Previous articleMichelle Obama To Trump, “This Isn’t A Game”
Next articleNothing Is Wrong With Igbo Presidency – Fani-Kayode Replies Galadima
Don Silas

RELATED ARTICLESMORE FROM AUTHOR

Headlines

I’m Not Power-Hungry – Matawalle Gives Condition To Resign As Zamfara Governor

Akiolu, others donate cash, relief items to collapsed building victims |
#EndSARS

Endsars: Nigerians React As Oba Of Lagos, Akiolu Claims $2m Was Stolen From His Palace

Headlines

Buhari, Osinbajo To Receive COVID-19 Vaccines On Saturday

News

Meghan Accuses Buckingham Palace Of ‘Perpetuating Falsehoods’

News

Nigerian Governors Call Emergency Meeting

Headlines

No Nigerian Will Be Mandated To Take COVID Vaccines – FG

News

2.3 million Nigerians Register For COVID-19 Vaccination Barely 24 Hours After Arrival

News

Union Leaders Forced To Suspend Blockage Of Food Supply To South – Arewa Group

Headlines

Just In: Boko Haram Frees Kidnapped Pastor Who Begged FG, CAN For Help

EDITOR PICKS

I’m Not Power-Hungry – Matawalle Gives Condition To Resign As Zamfara...

March 4, 2021
Akiolu, others donate cash, relief items to collapsed building victims |

Endsars: Nigerians React As Oba Of Lagos, Akiolu Claims $2m Was...

March 4, 2021

Buhari, Osinbajo To Receive COVID-19 Vaccines On Saturday

March 4, 2021

POPULAR POSTS

Prof Salako replaces embattled Ujah, as workers jubilate over sack of...

July 31, 2016

UK Minister for Africa Harriett Baldwin visits Zimbabwe

February 1, 2018

Egypt’s non-oil business sector activity stabilises in Jan – PMI

February 5, 2018

POPULAR CATEGORY

  • News25310
  • Headlines15339
  • Sports10196
  • Politics3796
  • Africa2469
  • Business2249
  • Entertainment1912
  • Crime1843
  • Features895
ABOUT US
InfoTrust Multimedia Limited Ikeja, Lagos.
Contact us: [email protected]
FOLLOW US
  • Home
  • About
  • Advertise
  • Contact Us
© 2019 Infotrustng.com. All Righs Reserved.
Edit with Live CSS
Save
Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete.