By Odimmegwa Johnpeter, Abuja
The Minister of State for Petroleum Resources, Timipre Sylva has assured Nigerians that despite the huge burden of under-recovery, the Federal Government is not in a hurry to increase the price of Premium Motor Spirit (Petrol) to reflect current market realities.
According to Sylva, the current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded.
He further noted that this clarification becomes necessary in the light of recent reports regarding the resolution of the Nigerian Governors Forum to increase the pump price of petrol.
For this, he said he would like to strongly urge petroleum product markets not to engage in any activities that could jeopardize the seamless supply and distribution system in place while calling on 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.
https://any.peopleandpowermag.com/no-fuel-price-increase-in-june-sylva/
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