The Federal Government on Wednesday declared that it has no intention either today or in the near future to increase the prices of petroleum products in the country.
Government has also given the minister of State Petroleum Resources Dr. Ibe Kachickwu and the Group Managing Director, Nigeria National Petroleum Corporation (NNPC) Dr. Maikanti Baru, marching orders to end the growing queues in the nation’s petrol stations within the next 48 hours.
Responding to questions after the Federal Executive Council meeting in Abuja, Minister of information and Culture Mr. Lai Mohammed, said contrary to speculation, the government has no intention to increase fuel price in the country.
“The government has no intention at all to increase the pump price of PMS”.
The minister added that “the minister of petroleum resources assured the council that we have enough products till the next one month, even till the end of January (2018)”.
He attributed the emerging queues at the fuel stations to the high demands of the products in colder regions stressing that “this is winter period, there is always more demand for refined products for petroleum during winter period in the colder countries, and this is what we are experiencing now”.
The information minister disclosed that “the council gave him (Kachickwu) a marching order that this fuel scarcity should not last beyond this weekend and they are going to work very hard to ensure that it is curtailed”.
He said the petroleum minister “assured council that there is actually no cause for alarm”.