The Federal Government has opened up on allegation that it was planning to hike the pump price of Premium Motor Spirit (PMS) also known as petrol to N150 per litre.
Reacting through the Nigerian National Petroleum Corporation (NNPC), the government maintained that there was no plan to either reduce the fuel pump price.
“The Federal Government has no plan to review prices of white products either downwards or upwards,’’ Group General Manager, Group Public Affairs division of the corporation, Ndu Ughamadu, declared.
He cautioned those spreading falsehood to be wary of the impacts their ignoble act could cause on prices of petroleum products especially petrol as the festive period draws near.
If not checked, Ughamadu said, the insinuation of unsubstantiated price review can lead to artificial scarcity and hoarding of products by consumers.
This, he added, might result in unwarranted queues and suffering of Nigerians at fuel stations.
He urged members of the public to report any station that sells PMS above the N145 recommended price to the offices of the Department of Petroleum Resources (DPR) nationwide.
“The Department is authorised to monitor and regulate the Industry’s activities,’’ he added, reiterating the recent statement of the NNPC Group Managing Director, Dr Maikanti Baru, that the corporation had 37 days stock of PMS in the country.
The corporation had mapped out strategies to ensure that Nigerians have a hitch-free festive period, the NNPC’s spokesperson said.
