Dr Ibe Kachikwu has denied news reports that the Federal Government is planning to increase the pump price of petrol, which is currently being sold at N145 per litre.
A statement issued on Thursday night, January 4, 2018 by the Director of Press in the ministry, Idang Alibi clarified things up.
“The Ministry of Petroleum Resources would like to categorically state that the Honourable Minister never mentioned nor insinuated the need or plans by the Federal Government to increase the current pump price of Premium Motor Spirit (PMS)”, Alibi said.
“The Committee has been in rounds of deliberations in the past few days and these discussions are still ongoing. The final decisions and recommendations from the Committee would be passed on to the President and Commander-In-Chief for approval”, said Alibi.
He urged the public and indeed stakeholders in the Oil and Gas sector to disregard any such report of a price increase.
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