FG Denies Plans To Increase Fuel Price In June

The Federal Government on Friday said there won’t be any increase of the price of Premium Motor Spirit, popularly called petrol in the month of June, 2021.

Fuel price

Minister of state for petroleum, Timipre Sylva said this in a statement, assuring Nigerians that despite the huge burden of under-recovery, the Federal Government is not in a hurry to increase the price of PMS to reflect current market realities.

He said;

“The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded.

“This clarification becomes necessary in the light of recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol.

“In this regard, I would like to strongly urge petroleum products marketers not to engage in any activity that could jeopardize the seamless supply and distribution system in place.

“I also urge members of the public to avoid panic buying because the Nigerian National Petroleum Corporation (NNPC) has enough stock of petroleum products to keep the nation wet.”

Insecurity In Nigeria Will Soon Pass By The Grace Of God, Aregbesola Says
Zimbabwean Man Hangs Himself After 18-Year-Old New Wife Refused To Have Sex With Him

What Do You Think?

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