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Disregard News About Increase In Price Of Fuel, Minister Tells Nigerians

The minister of state for petroleum, Timipre Sylva, has asked Nigerians to disregard news about purported increase in the pump price of petro, even as he also cautioned marketers to desist from arbitrary petrol price increase

In a statement today, March 12, Sylva said that there will be no increment in the pump price of petrol until the organized labour is consulted.

The minister’s statement was a reaction to the pricing template published by the Petroleum Products Pricing Regulatory Agency (PPPRA) which pegged the new pump price of petrol at N212.61 per litre.

The minister said: ‘irrespective of the source of that information, I want to assure you that it is completely untrue.

“Neither Mr. President who is the Minister of Petroleum Resources nor myself who deputize for him as minister of state has approved that petrol price should be increased by one naira.

“I therefore urge you to disregard this misleading information.”

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The minister explained that the federal government would continue to consult with the organized labour and other stakeholders to arrive at a reasonable price regime for petrol.

Sylva said until an agreement is reached, all marketers are to maintain the current pump price of petrol.

PPPRA had on Thursday night, March 11, published a template on its website announcing an increase in the retail price of petrol.

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