• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 9, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Blames Profiteers For Hike In Petrol Pump Price

Orders NMDPRA to sanction erring fuel stations 

by Jonathan Nda-Isaiah
2 years ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

The federal government has blamed the rising pump price of petrol around the country to the rush by petroleum marketers to make illicit profits from the hardship of Nigerians.

Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this to State House correspondents after the weekly Federal Executive Council (FEC) meeting, presided over by President Muhammadu Buhari at the Presidential Villa, Abuja, on Wednesday.

He also lamented the hardship the situation had forced on ordinary Nigerians.

Reports from different parts of the country indicated that most fuel stations now sell above the approved pump price of N195 now, rather selling at prices ranging between N200 and N650 per litre, while many others were reportedly hoarding the product.

RELATED

In A Special Video Message To Sway Voters For Tinubu, Buhari Vows To End Current Hardship

We’ll Build On Buhari’s Legacy, Reform Agenda — Tinubu

5 minutes ago
Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft

Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft

8 minutes ago

However, the Minister has vowed to repeat an earlier directive to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to go after marketers profiteering with the current situation and sanction them accordingly.

He said government was not just folding its arms while Nigerians suffer, assuring that all stakeholders in the downstream sector were working to ensure the current crisis was brought under control.

“We have reports of profiteering by marketers, and I’ve directed NMDPRA to sanction anybody who profiteers on this kind of situation. I mean, we cannot stand by and watch our citizens being exploited by marketers.

“But of course, I’ve given that directive and I don’t know if it has not taken effect. I don’t know the details of how far that directive has been carried out. But I’m going to still further give that directive, if that is still the situation, but definitely we are not paying a blind eye at all,” Sylva declared.

Explaining that the Ministry of Petroleum Resources was not in control of all the factors that had contributed to the fuel scarcity crisis, he assured that all steps were being taken to end the hardship.

“This is quite unfortunate, we are not happy at all about what is going on. Every hand is on the deck. As I said earlier, the Ministry of Petroleum is not in control of all the factors that lead to scarcity in the sense that there are Forex issues as well and other issues.

“But at the moment today, there is supply, but unfortunately, we are experiencing some bottlenecks with the distribution and movement of the product to various destinations for now.

“I want to assure you that everything is being done; the NNPC Limited, NMDPRA, the marketers, everybody’s hand is on deck to ensure that this problem is resolved and to also inform you today we had a briefing from INEC and INEC has also engaged NNPC and NNPC has assured INEC that petroleum products supply to INEC will not be a problem and so that will not likely affect the elections at all,” the Minister stated.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



SendShareTweetShare
Previous Post

Kogi Gov’s Nephew, Others Docked Over Alleged N3bn Fraud, Remanded In Prison

Next Post

Despite Deluge Of Donors, UK Govt Stopping Ekweremadu’s Daughter’s Kidney Transplant – Ex-Minister

Jonathan Nda-Isaiah

Jonathan Nda-Isaiah

You May Like

In A Special Video Message To Sway Voters For Tinubu, Buhari Vows To End Current Hardship
News

We’ll Build On Buhari’s Legacy, Reform Agenda — Tinubu

2025/07/09
Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft
News

Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft

2025/07/09
First Time In 7 Months, Crude Production Output Drops To 1.26mbpd
News

Delineation: Delta Communities Threaten To Disrupt Oil Facilities Over Alleged Marginalisation

2025/07/09
Jigawa Court Sentences 2 Kidnappers To 28 Years Imprisonment
News

Federal Gov’t Begins Batch 7 Trials Of Suspected Terrorists

2025/07/09
Trump Faces Backlash For Praising Liberian President’s Fluent English
News

Trump Faces Backlash For Praising Liberian President’s Fluent English

2025/07/09
NDLEA Intercepts Europe-bound Cocaine Consignments At Lagos Airport
News

EFCC Probes Undeclared $29,000 Cash Intercepted At Lagos Airport

2025/07/09
Leadership Conference advertisement

LATEST

We’ll Build On Buhari’s Legacy, Reform Agenda — Tinubu

Property Dispute: Developer Denies Receiving EFCC’s Letter Over N102m Draft

Zamfara Gov Distances Self From APC, Says He’s Still In PDP

Delineation: Delta Communities Threaten To Disrupt Oil Facilities Over Alleged Marginalisation

19 Parties To Contest Ibadan North By-election

Federal Gov’t Begins Batch 7 Trials Of Suspected Terrorists

2027: ADC Candidate ‘ll Emerge Via Primary Election, Says Lukman

Djokovic Beat Cobolli To Reach 14th Wimbledon Semi-finals

Trump Faces Backlash For Praising Liberian President’s Fluent English

EFCC Probes Undeclared $29,000 Cash Intercepted At Lagos Airport

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.