Federal Government blames racketeers for rising fuel price, scarcity
Written by Adewale Adeyemi on February 8, 2023
The Federal Government says marketers who engage in racketeering activities are responsible for the rising cost and scarcity of Premium Motor Spirit in parts of the country.
The Minister of State for Petroleum Resources, Timipre Sylva, revealed this while briefing State House correspondents on the outcome of the Federal Executive Council presided over by President, Muhammadu Buhari, at the Aso Rock Villa, Abuja today.
Sylva said although the Nigeria National Petroleum Company Limited has ensured the supply of fuel nationwide, challenges persist at distribution points.
He explained that the ministry had issued directives to end racketeering which has led to soaring fuel prices.
Therefore, Sylva, again, directed the regulatory agency Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA to sanction erring filling stations.
