The Minister of State for Petroleum Resources, Timipre Sylva, has attributed the recent increase in the pump price of Premium Motor Spirit (PMS), also known as petrol to the announcement by an American pharmaceutical company, Pfizer, on its recent breakthrough in the fight against the coronavirus (COVID-19) pandemic.

Speaking with State House correspondents in Abuja on Monday, November 16, Sylva said the announcement of a COVID-19 vaccine by Pfizer triggered a slight increase in the price of crude oil in the global market.

“What happened recently was because of the announcement of a vaccine for COVID-19 by Pfizer. With that, crude oil prices went up a little bit.

If you have been following crude oil prices, you would have seen that crude oil prices went up a little bit as a result of this announcement. So, when crude oil prices go up a little bit, then you will see that (it will) instantly reflect on the price of petrol, which is a derivative of crude oil.'' Sylva said

The minister explained that the government took the decision to deregulate the sector in order to ensure its optimum performance.

“When the price of crude oil goes up, then it means that the price of the fixed stock has gone higher; it will also affect the price of the refined product and that is why you see that product prices are usually not static, it depends on the price of crude oil which goes up and down.

That is why we say, deregulate so that as the price goes up or down, you begin to go up and down as well at the pump. Before now, we fixed it which was not optimal for us as a country.”the Minister said



https://mikasmedia..com/2020/11/fg-blames-pfizers-breakthrough-for-hike.html

Everytime u blame this or that... NAwa ooo..



But Wait ooo.. Russian vaccine was d first.. how come that of pfizer is now making wave...
The west isn't a friend to the Russians truly..





Thread seen...

In other words, make dem no find cure for Covik 1-9 na,abi?

Tissue of lies

Firstly, Nigeria does not refine crude so the one in the market is the one brought at previous price. So can the minister explain how an announcement made last week affected fuel price the same week or is he saying the fuel in Nigerian market was bought, shipped, docked, discharged and distributed to filling station in the past week alone? Wonderful!! I thought this people have sense o.

Secondly, with the so-called subsidy removal, Nigerian govt is now making money from crude more than any govt since 1999 and having a net gain at ANY price of crude since all the money now goes into govt coffers coupled with the administrative charges. Why then is this govt still looking for money upandan?

Na govt magic we dey see so

Agbegbaorogboye:
Tissue of lies

Firstly, Nigeria does not refine crude so the one in the market is the one brought at previous price. So can the minister explain how an announcement made last week affected fuel price the same week or is he saying the fuel in Nigerian market was bought, shipped, docked, discharged and distributed to filling station in the past week alone? Wonderful!! I thought this people have sense o.

Secondly, with the so-called subsidy removal, Nigerian govt is now making money from crude more than any govt since 1999 and having a net gain at ANY price of crude since all the money now goes into govt coffers coupled with the administrative charges. Why then is this govt still looking for money upandan?

Na govt magic we dey see so

Be like say u go collect work for Sylva hand.

Na Abracadabra govt we get so

Timpire Sylva, a totally corrupt politician, who became a minister under buharis anti corruption regime..

Una try

Pfizer caused increment in pms price Plyer will soon caused it

This people will just open mouth waaaaaah....
As if they think from their anus

Government of deceits. Shameless liers

Do we have a country in the first place?

This must a fake news.

Is there a correlation between the price of petrol ⛽ and the discovery of a vaccine for covid-19? it would be interesting if there is. I read "go up, come down, come up and down".

Interesting time to be alive, FG and blame game are like 5 & 6.

Nonsense and Idiotic statement.

When Buhari make an IGBO MAN from Bayelsa the Minister of PETROLEUM, WHAT DO YOU EXPECT.

And the blame game continues. APC government has virtually blamed everything both existent and non existent. the question is who is next to be blamed

Unbelievable!!!


How did we end up with these people ?

when you thought this government is done with being unfortunate then Boom....


You see this!

The blame game never ends...

Newstrumpet4:
The Minister of State for Petroleum Resources, Timipre Sylva, has attributed the recent increase in the pump price of Premium Motor Spirit (PMS), also known as petrol to the announcement by an American pharmaceutical company, Pfizer, on its recent breakthrough in the fight against the coronavirus (COVID-19) pandemic.

Speaking with State House correspondents in Abuja on Monday, November 16, Sylva said the announcement of a COVID-19 vaccine by Pfizer triggered a slight increase in the price of crude oil in the global market.

“What happened recently was because of the announcement of a vaccine for COVID-19 by Pfizer. With that, crude oil prices went up a little bit.

If you have been following crude oil prices, you would have seen that crude oil prices went up a little bit as a result of this announcement. So, when crude oil prices go up a little bit, then you will see that (it will) instantly reflect on the price of petrol, which is a derivative of crude oil.'' Sylva said

The minister explained that the government took the decision to deregulate the sector in order to ensure its optimum performance.

“When the price of crude oil goes up, then it means that the price of the fixed stock has gone higher; it will also affect the price of the refined product and that is why you see that product prices are usually not static, it depends on the price of crude oil which goes up and down.

That is why we say, deregulate so that as the price goes up or down, you begin to go up and down as well at the pump. Before now, we fixed it which was not optimal for us as a country.”the Minister said



https://mikasmedia..com/2020/11/fg-blames-pfizers-breakthrough-for-hike.html

Government of lies, blame game and denial. BuharisBoy is a zombie.

Fahdiga:
And the blame game continues. APC government has virtually blamed everything both existent and non existent. the question is who is next to be blamed

They also blamed God at a time

Wailers are Economic illiterates, they won't understand this.

Meanwhile, they are still defending Mr Clueless for increasing fuel to N140 eight years ago, but somehow, fuel must remain N97 because Buhari must be a miracle worker.



I AM DONE TALKING

Blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame











Blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame blame




Anybody still supporting APc needs his head examined...

Only in Nigeria will an EFCC Convict and Deeply-addicted Cocaine Sniffer become a Minister

Blame: Trademark of APC.
We ain't surprise anyway.

JAMO84:
Wailers are Economic illiterates, they won't understand this.
Meanwhile, they are still defending Mr Clueless for increasing fuel to N140 eight years ago, but somehow, fuel must remain N97 because Buhari must be a miracle worker.
I AM DONE TALKING

What's this

Who is this

Buhari met pump price at 140 naira ??...

God punish all zombies

Morningstarrr:
They also blamed God at a time

Yeah I could remember

Morningstarrr:
They also blamed God at a time

Yeah I could remember

Morningstarrr:
They also blamed God at a time

Yeah I could remember

Na soso blame

You can put the blame on me....I ll take the blame from you