• Osinbajo says new petrol price not issue of subsidy removal but forex problem

    Osinbajo says new petrol price not issue of subsidy removal but forex problem

    The Vice President, Prof. Yemi Osinbajo, on Friday, said that the new price regime of Premium Motor Spirit (PMS) was not that of subsidy removal but of foreign exchange (forex) problem. He made this known in a statement he issued in Abuja titled.

    “The Fuel Pricing Debate: Our Story”, stressing that “I have read the various observations about the fuel pricing regime and the attendant issues generated.

    “Certainly, all the issues have strong points but the most important issue is how to shield […]