I didn’t say petrol will sell for N97/litre -Kachikwu
Minister of State for Petroleum Resources Ibe Kachikwu has refuted media reports quoting him as saying that the gradual phasing out of the Subsidy scheme in 2016 will give rise to the increase in petroleum product to N97. Ibe was quoted to have said this during a meeting with the Senate this week. However at a media briefing in Abuja yesterday, Ibe said the federal government has no plans to raise the price of petrol from N87 to N97 per litre in 2016. (more…)