News
More Refineries Won’t Reduce Fuel Pump Price -Tinubu’s Aide
The Senior Special Assistant to President Bola Tinubu on Public Affairs, Aguri Ngelale says more refineries in Nigeria will not reduce fuel pump prices.
Ngelale stated this while speaking in an interview on TVC last Monday.
The presidential spokesperson asked Nigerians to disregard the myth that more refineries in Nigeria would translate to cheaper fuel price.
Ngelale, however, explained that having more refineries would save Nigeria the cost that would have gone into importing fuel products.
He said, “That is a myth; it does not happen anywhere in the world; even if we had the most refineries producing the most PMS in the world, you would find that the most prolific PMS producers with their refineries do not charge differently from the countries without refineries.
“I am not saying that we should not have refineries, but there are benefits to having working refineries”, he added.
Recall that the Federal Government had said Port Harcourt refinery would be revitalised in December 2023.
The Dangote refinery was also inaugurated towards the end of the administration of former President Muhammadu Buhari.
News
Cleric Predicts Breakthrough, Warns of Political and Security Challenges in 2026
News
Ado Royal Family Disowns Alleged Installation of Amanyanabo of Okrika
News
PH Traders Laud RSG’s Fire Safety Sensitisation Campaign
-
News5 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Sports5 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics5 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Politics5 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Sports5 days agoPalace ready To Sell Guehi For Right Price
-
Sports5 days agoArsenal must win trophies to leave legacy – Arteta
-
Sports5 days agoTottenham Captain Criticises Club’s Hierarchy
-
Sports5 days agoNetball ‘Project 2027’ Sets Higher Target
