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Buhari to address gas price hike soon -Timipre Sylva

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The Minister of State for Petroleum, Timipre Sylva, has said that the President, Major General Muhammadu Buhari (retd.), is mindful and concerned about the increased price of gas; vowing to take action to address the situation, especially as the Yuletide draws near.

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Sylva said this on Tuesday while addressing State House correspondents after a meeting with the President where he presented CEOs of two new agencies under his ministry: the Nigerian Upstream Regulatory Commission and the Nigerian Downstream and Midstream Petroleum Regulatory Authority at the Presidential Villa.

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The minister explained that the Buhari regime has no control of gas price, rather, the international market determines the price of the commodity.

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He, however, affirmed that there would be some adjustment to the elements of the pricing to allow a reduction.

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