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BREAKING: FG is not in a hurry to increase the price of petrol – Sylvia

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Damilola Adeyemo

ABUJA – Report says The Minister of State for Petroleum, Timipre Sylvia, on Friday said that the Federal Government would not increase petrol price in June despite the recommendation by the Nigeria Governors Forum that the cost of the commodity is increased.

According to him, despite the huge burden of under-recovery by the petroleum sector, the federal government is not in a hurry to increase the price of petrol to reflect current market realities.

He said: “The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded”

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