Minister of State for Petroleum Resources, Ibe Kachikwu,
says it was shameful that the country has continued to import finished
petroleum products.
Noting that this has to stop, Kachikwu assured that the
Federal Ministry of Petroleum Resources was committed to putting the situation
to an end..
The minister, who said this in a series of tweets on
Tuesday, also cleared the air on reported imminent fuel hike.
Kachikwu said, “State of Refineries: It is shameful that
we’ve continued to import finished products. We need to stop. We are committed
to this.
“On PMS cost and possible increase: There is no
consideration that is currently on the table. We hope to remain within N145
band.
“Subsidy Regime: Upfront subsidy payment has been
obliterated. What we have currently are differences being picked by @NNPCgroup.
“Recently passed Petroleum Industry Governance Bill: I’ve
studied it and it is impressive. It captures aspirations for @NNPCgroup.”
By Wale Odunsi
