Energy/power

We’ve Not Increased PMS Pump Price – FGN

Muhammed Abubakar, Reporting

NIGERIA’S Minister of State Petroleum Resources, Mr Timipre Sylva, has denied reports doing the rounds that the pump price of Premium Motor Spirit (PMS) has been increased.

In a statement, on Friday, in Abuja, Sylva said President Muhammadu Buhari has not approved any price increase for PMS as is being bandied around.

“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 plights 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 electorates.’

“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 (NMDPRA) or any agency for that matter to increase the price of fuel.

“This is not the time for any price increase in pump price of PMS,” Sylva reiterated.

The Minister noted that “What is playing out is the handiwork of mischief makers and those planing to discredit the achievements of Mr 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.”

Meanwhile, Stonix News reports that across the country, pump price of petrol has been on the rise with the least going for N189 per litre at NNPC outlets since November 2022.

In fillings stations in Warri for instances, pump price goes as far as N290 and more per litre since October 2022.

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