11 March 2014

NIGERIA MINISTER OF PETROLEUM READS RIOT ACT AGAINST FUEL MARKETERS.



Minister of Petroleum Diezani Alison-Madueke

Minister of Petroleum Resources Diezani Alison-Madueke says the federal government has no plan to increase the pump price of petrol.

Alison-Madueke said this at the 2014 budget defence of the ministry and its parastatals before the House of Representatives Committees on Petroleum Resources (Upstream and Downstream) and Gas. 

According to her, there is a strange rumour that the Ministry of Petroleum Resources is going to announce an increase in the pump price of petrol.

She noted that the development had only helped to instigate hoarding and diversion of petroleum products, adding that the ministry would flood the country with petroleum products next week.

She warned that any filling station caught in the diversion of petrol, be it private or government-owned would be sanctioned accordingly.

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