President Muhammadu Buhari has promised to take action towards addressing the hike of cooking gas across the country especially as the Yuletide season approaches.
The Minister of State for Petroleum, Timipre Sylva, said this while addressing State House correspondents after a meeting with the President in his office where he presented CEOs of two new agencies: the Nigerian Upstream Regulatory Commission (NURC) and the Nigerian Downstream and Midstream Petroleum Regulatory Authority (NMDPRA) at the statehouse.
The minister explained that the government has no control of the prices and rather, it is the international market that primarily determines the price of the commodity.
He said ” the President is aware and concerned about the hike in the price of gas and is promising action to ameliorate the situation.”
Sylva, however, assured Nigerians that some elements of the pricing will be adjusted internally to enable a reduction, particularly in view of the Yuletide season.
