Minister of State, Petroleum Resources, Mr Timipre Sylva on Thursday said the Federal Government has saved over N1 trillion since it announced full deregulation in March.
Sylva, who made the disclosure at a media briefing in Abuja urged Nigerians to endure the initial pain associated with the deregulation as it may lead to a hike in petrol price, since market forces now determine the price of products.
According to him, the government was already working on rolling out other options like Liquefied Natural Gas and other cheaper and cleaner fuel as alternative to petrol.