The Federal Government has said the pump price of petrol will remain N162 per litre, until it reaches an agreement with the Organised Labour for full deregulation of the downstream petroleum sector.
Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this on Tuesday while speaking with reporters in Abuja.
According to Sylva, President Muhammadu Buhari will shed more light on the Petroleum Industry Bill (PIB) on Wednesday.
He however noted it is now constitutional for Nigeria to deregulate the oil and gas sector.
