The Minister of State for Petroleum, Timipre Sylva has said that the Nigerian government has no control over the price of gas.
The Minister added that it is the international market that primarily determines the price of the commodity.
Sylva said this while addressing journalists after a meeting with the President in his office where he presented CEOs of two new agencies: the Nigerian Upstream Regulatory Commission (NURC) and the Nigerian Downstream and Midstream Petroleum Regulatory Authority (NMDPRA) at the statehouse.
He, therefore, assured that President Muhammadu Buhari has promised to intervene to ameliorate the situation.
Timipre Sylva said that the President is aware and concerned about the development.
Sylva, however, assured Nigerians that some elements of the pricing will be adjusted internally to enable a reduction, particularly in view of the Yuletide season.
