FG Denies Plan To Increase Fuel Pump Price
The Secretary to the Government of the Federation, Boss Mustapha, has said the government has no plan to increase the fuel pump price from N145 as being speculated in the media.
Mustapha disclosed this on Saturday at the handing over ceremony of the mantle of leadership as the Managing Director and Chief Executive Officer of National Inland Waterways Authority at the authority’s headquarters in Lokoja.
According to him, the scarcity was created by greedy marketers bent on making excess profits.
His words: “I can assure the people that a day or two after the yuletide, the queue will ease out. The marketers created the scarcity but we have engaged all the relevant stakeholders and we are confident that it will soon normalise.
“We are not thinking about increase in the pump price. We have not discussed it and we will not increase the price” he said, adding that panic buying was unwarranted as there was much product available.”