FG speaks on another fuel price increase

The Federal Government has debunked rumoured plans to increase the price of Premium Motor Spirit (PMS), despite the hike in the cost and scarcity of the commodity across the country.

The Minister of State for Petroleum Resources, Timipre Sylva, in a statement issued by his spokesman, Horatius Egua, in Abuja on Friday, said President, Muhammadu Buhari had not approved the price increase for PMS.

“President Muhammadu Buhari has not approved any increase in the price of PMS or any other petroleum product for that matter.

“There is no reason for President Muhammadu Buhari to renege on his earlier promise not to approve any increase in the price of PMS at this time.

“Mr. President is sensitive to the plight of the ordinary Nigerian and has said repeatedly that he understands the challenges of the ordinary Nigerian and would not want to cause untold hardship for the electorate.

“Government will not approve any increase of PMS secretly without due consultations with the relevant stakeholders. The President has not directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority or any agency for that matter to increase the price of fuel.

“This is not the time for any increase in pump price of PMS.

“I appeal to Nigerians to remain calm and law abiding as the government is working hard to bring normalcy to fuel supply and distribution in the country,” he said.

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