Timipre Sylva, the Minister of State for Petroleum Resources has given insight on the increment of petrol price to N170
He claimec that kerosene and diesel were even more important to common men than petrol.
Speaking While responding to questions from State House correspondents at the Presidential Villa, he said that petrol is commonly used by elite.
He said: “Look at it, a situation where diesel has been deregulated long ago, a situation where kerosene has been deregulated long ago, and these are the fuels the poorest people in Nigeria interact with more. Why do I say that?
“If you want to transport food from the north to the south, it’ll be by trucks that are run by diesel, not with petrol. Those trucks that transport food from the north to the south are usually run by diesel.
“Kerosene is the preferred fuel at the lowest level of our society. These have been deregulated long ago. So, what’s the problem with deregulation of petrol, which is mostly used by the elite?
“Let us be fair to this country, let us be fair to the poor people in this country.
“If we’ve deregulated what they were using, then there’s actually no reason why we should continue to subsidise petrol. I feel so. That’s my personal feeling.”