NewsNow Nigeria

FG apologises for fuel price hike information, says Buhari wasn’t aware

The petrol regulator had announced on its website that petrol could now be dispensed for between N209.61 and N212.61 per liter, in line with prevailing market fundamentals.
Pinterest LinkedIn Tumblr

The federal government has urged Nigerians to disregard the reported increase in the pump also known as Premium Motor spirit as put forward by the Petroleum Products Pricing Regulatory Agency (PPPRA).

The petrol regulator had announced on its website that petrol could now be dispensed for between N209.61 and N212.61 per liter, in line with prevailing market fundamentals.

However, following backlash that arose from the purported increase, Minister of State for Petroleum Resources, Timipre Sylva, in a statement issued on Friday, said neither he nor President Muhammadu Buhari had approved the decision to increase the retail price of petrol to N212 per liter.

Sylva said; “Cynicism and deceit have never been the trademark of the administration of President Muhammadu Buhari.

“Neither Mr. President who is the Minister of Petroleum Resources, nor my humble self who deputise for him as Minister of State, has approved that the pump price of petrol should be increased by one naira. I would therefore urge you to disregard this misleading information.

“I would like to equally assure you that the engagement with organised labour and other stakeholders will continue even as the calculations to arrive at a reasonable price regime are being done; all in good faith, and you will be availed of the final outcome at the appropriate time.

Advertisements

“Until then, all marketers are strongly advised to maintain the current pump price of PMS before the emergence of this unfortunate information.

“In conclusion, I want to sincerely apologise to all Nigerians for any distress and inconvenience the unfortunate information might have caused.”

The has also rejected claims that it has endorsed a new petrol pricing regime.

Ngnews247

Share with friends and colleagues!
Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact tosinalamu@gmail.com.

Write A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Pin It