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The Minister of State for Petroleum, Timipre Sylva has stated that the full deregulation of petrol price should be expected by Nigerians very soon. Speaking at University of Ibadan during the opening of the 56th Annual International Conference and Exhibition of the Nigeria Mining and Geoscience Society, Timipre Sylva stated that petrol pricing will be fully deregulated before the end of this year. 
The Minister added that the Buhari-led administration wants to give Nigerians a credible and cheaper fuel as an alternative before the full deregulation.
“But, before we do that, we want to apply the principle of tolling the roads. Before you toll a road, you are expected to give an alternative. So, what we want to do for Nigerians is to give a credible and cheaper fuel as an alternative before we fully deregulate and we believe we will be able to achieve this later this year. And this, of course, is going to be a responsible way of also maintaining our environment,” The Minister of State for Petroleum, Timipre Sylva stated.
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