Despite long queues and above N200 per litre pump price of Premium Motor Spirit (PMS) across states, the Federal Government yesterday insisted that the pump price of the product remains at N170 per litre.
The Minister of State Petroleum Resources, Timipre Sylva, in a press release, denied any increase in the price of PMS. But across states, the pump price has since jumped above N200 per litre despite the payment of subsidy by the President Muhammadu Buhari administration.
With over N7 trillion spent on petrol subsidies last year, Nigerians faced scarcity of the product, as the price could not be controlled across states. In major cities like Abuja and Lagos, prices stayed below N200 per litre but above across other states. In a statement signed by his Senior Adviser , Horatius Egua, Sylva said: “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.
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