President Muhammadu Buhari had not approved any increase in the pump price of petrol, Minister of State Petroleum Resources, Chief Timipre Sylva, said in Friday.
This was disclosed in statement the minister’s Senior Adviser (Media & Communications), Horatius Egua.
The statement read in part, “President Muhammadu Buhari has not approved any increase in the price of PMS (premium motor spirit) or any other petroleum product for that matter. “There is no reason for President Muhammadu Buhari to renege on his earlier promise not to approve any increase in the price of PMS at this time. “Mr President is sensitive to the plight of the ordinary Nigerian and has said repeatedly that he understands the challenges of the ordinary Nigerian and would not want to cause untold hardship for the electorate.
“Government will not approve any increase of PMS secretly without due consultations with the relevant stakeholders.
“The President has not directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) or any agency for that matter to increase the price of fuel. This is not the time for any price increase in pump price of PMS.”
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