Fuel Pump Price Remains N145 Per Litre, Says Kachikwu
Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu, has denied rumour circulating round media houses that the federal government is planning to increase fuel pump price to N180 per litre.
In a press statement signed by Idang Alibi, the Director of Press in the ministry, Kachikwu noted that a special committee to identify the immediate and remote causes of the fuel scarcity with a view to finding both immediate and long lasting solutions to the challenge has been established.
“The Ministry of Petroleum Resources would like to categorically state that the Honourable Minister never mentioned nor insinuated the need or plans by the Federal Government to increase the current pump price of Premium Motor Spirit (PMS)”, the statement read.
“The Committee has been in rounds of deliberations in the past few days and these discussions are still ongoing. The final decisions and recommendations from the Committee would be passed on to the President and Commander-In-Chief for approval”, said Alibi.
Alibi urged the public and indeed stakeholders in the Oil and Gas sector to disregard any such report of a price increase.