Connect with us

Business

No plans to increase fuel price any time soon, Nigerian govt assures

Published

on

Increase in petrol price inevitable –Rewane

The Federal government through the Department of Petroleum Resources (DPS) has assured Nigerians that there are no plans to increase price of Premium Motor Spirit (PMS) popularly known as petrol, any time soon

The Operations Controller of DPR, Antai Asuquo, gave the assurance on Tuesday at the agency’s Zonal Office in Warri, Delta State, during the celebration of World Day for Cultural Diversity for Dialogue and Development.

While speaking to newsmen, Asuquo urged Nigerians to be focused and stop worrying about possible fuel hike that could lead to crisis in the supply chain, adding that ‘the product is available and the pump price remains N145 per litre.’

“There is availability of petroleum products, the price of Petroleum Motor Spirit (PMS) remains the same and there is no immediate plan to change it.

“We should not hoard the product for a particular period of time because keeping the product at home is dangerous.

Read also: My ministry has contributed N2tn GDP, $1.73bn FDI, Shittu boasts

“Our lives and property are important, so we should value and manage our resources in a way that we do not cause harm to ourselves,” he advised.

He urged Nigerians to key into the federal government’s policy on the use of Liquefied Petroleum Gas (LPG), noting that there was abundant cooking gas in the country.

“The federal government is trying to enforce the availability of cooking gas all over the federation and people are encouraged to use it.

“The LPG is the energy of the future; it is cleaner, most sustainable and we have abundance of it. “I encourage people to follow the government’s policies and we will be happy for it,” he said.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

If you are motivated and passionate about building a global society, founded on justice, equity, fairness, transparency, accountability and superior knowledge, kindly consider donating to Ripples Nigeria’s solutions journalism.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Investigations