The Minister of State for Petroleum Resources, TIMIPRE SYLVA, has said the Federal Government has no control over the skyrocketing prices of cooking gas.

He said this while fielding questions from State House reporters after introducing the CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Engr FARUK AHMED and the CEO, Nigerian Upstream Petroleum Regulatory Commission, Engr. GBENGA KOMOLAFE, to the President at the Presidential Villa, Abuja.

The minister, who said President BUHARI was concerned about the development, stated that government cannot even subsidize the product because it is fully deregulated as gas prices are determined by the global market.

He said government was doing everything possible to bring down the price especially during the yuletide.

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