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| Dr. Ibe Kachikwu |
Minister of state for Petroleum Resources and Group Managing
Director of NNPC, Ibe Kachikwu, says the Federal Government will be coming up
with a new policy for the Petroleum sector within the next few days. Speaking
during the second town hall meeting organised by the federal ministry of
information and culture in Kaduna state yesterday May 10th, Kachikwu said the
new policy will allow petroleum price products to swing along the line of the
international market.
“We are coming up with a new policy in the next
few days that will allow our fuel price swing along with international pricing.
We are now transiting into fuel modulating pricing, because we do not have
sufficient foreign exchange to continue fuel importation we have been doing.” he
said
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