Fuel
FG blames profiteers for hike in petrol price
The Federal Government has blamed profiteers for the scarcity and rising fuel prices in the country.
The Minister of State for Petroleum Resources, Timipre Sylva, stated this on Wednesday, February 8, 2023, while briefing correspondents on the outcome of the Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday at the Presidential Villa, Abuja.
He said the ministry had given necessary directives to end the unwholesome act, which had caused huge hikes in product prices from one part of the country to another.
Sylva added it appeared that the directives had not been complied with, promising to find out why things have not improved.
The Minister, who observed that petroleum products are now available in more quantity in the country, also blamed its scarcity on factors that he said are not under the control of the Ministry.
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