Has the House of Representatives taken a stand on the planned deregulation of the petroleum sector?
Thank you very much. The issue of deregulation did not begin today. As far as we are concerned the system we operate is deregulated and the control mechanism as you can see in the system as at today is more of the creation of the agitation from the labour unions. If not, the law before us is purely about a deregulated structure as it is supposed to be operated by the Petroleum Product Pricing Regulatory Agency (PPPRA).The fear is that when the petroleum sector is fully deregulated we will have high increase of the pump price of the products, whereas the income of the common man is low. What is your take on this?I agree with you in respect of the fears. They are normal; people definitely must express such fears. But I think you need to take a historical analysis of the petroleum product for you to understand the importance of deregulation and also appreciate the problem that is confronting the federal government.Let’s agree that as a nation we got it wrong somewhere because it is embarr
