The Minister of Information, Alhaji Lai Mohammed, on Wednesday dispelled the rumour that the pump price of Premium Motor Spirit (PMS) would be increased.
The minister made this known while addressing state house correspondents at the end of the Federal Executive Council (FEC), which was presided over by Vice President Yemi Osinbajo.
He said that the Minister of Petroleum (State), Dr Ibe Kachikwu, would have been at the briefing but had to go for an urgent meeting in order to resolve the petroleum scarcity in the country.
“Government has no intention at all to increase the pump price of PMS; the minister has assured the council that there is enough products for the next one month even to the end of January,” the minister stated.
According to him, there is usually more demand for petrol product during the yuletide which explains the scarcity of the product during the period.
Mohammed said that the council had given a marching order to the Petroleum Minister (State) that the fuel crisis in the country should not last beyond the weekend.
The Nigerian National Petroleum Corporation (NNPC) had on Monday in Abuja reiterated that there was no plan to increase the prices of petroleum products.
In a statement, Ndu Ughamadu, the corporation’s Group General Manager, Public Affairs Division, said there was no plan to increase prices at the ex-depot level and pump price ahead of the forthcoming yuletide.
“The NNPC has the full commitment of all downstream stakeholders, including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.
“We enjoin motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.
“The Petroleum Products Marketing Company and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation,” Ughamadu said.
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