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Monday, August 8, 2022

We have not increased pump price of fuel – Buhari govt

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The Federal Government of Nigeria on Monday said he has not increased the pump price of Premium Motor Spirit (PMS), otherwise known as petrol.

Timipre Sylva, the Minister of State for Petroleum Resources, spoke with newsmen in Abuja on Monday over the sudden increment of the pump price of the product and the long queue witnessed in Abuja.

The minister spoke on the sidelines of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stakeholders’ consultation forum on regulations.

Recall that the pump price of petroleum has been jerked up to N165 per litre, N169, N184 and N218 per litre, depending on the area in the nation’s capital and other states.

But denying that subsidy had been removed, Slva said the increment came from the marketers and not the government. “I can tell you authoritatively, we have not deregulated. The government is still subsidising petrol prices. If there are increases in price, it’s not from the government.

“It is probably from the marketers, but of course, I will talk to the authorities to ensure that they actually regulate the price. This isn’t from the government, we’ve not deregulated.

“But a lot is going on to ensure that the queues end. As of yesterday, I noticed that the queues in Abuja are easing off.”

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