The Federal Government has denied any increase in the price of Premium Motor Spirit popularly called petrol, despite the hike in the cost of the commodity across the country.
The minister continued, “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.He said what was playing out was the handiwork of mischief makers and those planing to discredit the achievements of the President in the oil and gas sector of the economy.
“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.” Oil marketers had earlier confirmed the increase in petrol price by N10, stating that this was one of the reasons why major marketers were dispensing the commodity at higher rates currently.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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