The Minister for Petroleum Resources , Chief Timipre Sylva, will today Tuesday 17th August 2021, hold a press conference concerning the Petroleum Industry Bill.

It would be recalled that President Mohammadu Buhari on Monday signed the bill which provides a legal , governance, regulatory and fiscal framework for the Nigerian Petroleum Industry.

Sylva said that there is a proberbility that the cost of petrol would jump very high as #300 per litre, due to its implementation.

He also said that the scheduled meeting will discuss the unbundling of the Nigerian National Petroleum Corporation.

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