Timipre Sylva

Fuel Price Hike Explained By Timipre Sylva After Briefing Buhari

November 17, 2020 7:54 am

The Petroleum Resources Minister of State, Timipre Sylva, on Monday, explained the recent hike in fuel pump price from between ₦158 and ₦162 per litre to ₦168 and ₦170.

Sylva said that to the ordinary Nigerian, kerosene and diesel are more useful than petrol, which he claimed was mostly used by the elite.

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

Read Also: PENGASSAN Impends Strike Over Fuel Scarcity

Sylva said: ‘Look at it, a situation where diesel has …

Relevance Of Oil Will Reduce By 2040 – Sylva

September 29, 2020 3:19 am

The Minister of State for Petroleum, Timipre Sylva, on Monday, in Abuja declared that the days of crude oil as a driver of global economy, are numbered.

He made the statement while briefing the leadership of the National Assembly on the need for speedy passage of the Petroleum Industry Bill ( PIB), forwarded to both the Senate and the House of Representatives, two weeks ago by President Muhammadu Buhari.

Sylva said having wasted 20 years in putting in place required laws for regulation of the oil industry, the country needed to quickly pass the PIB to make the best of …