No Plan To Increase Fuel Price : NNPC Boss Reassures Nigerians

The Federal government has denied reports of an imminent increase in pump fuel price.

There had been speculations of a fresh raise two months after the government increased the price of petrol from N86.00 to N145 per litre.

Reports said that the government was considering new rates as Nigeria's foreign exchange crisis continues to hamper importation of products.

But speaking to journalists after Tuesday after a meeting with President Muhammadu Buhari, the Group Managing Director of the Nigeria , a National Petroleum Corporation,Maikanti Barus said the government had no such plans.

"I have not been directed to increase pump price, even the other price was based on recommendation from the regulated body." He said

"I'm not aware that they are planning to do any increase.You know there are factors that necessitated that especially the issue of exchange rate that has moved and we don't expect any serious changes."

Comments

Post a Comment

Popular posts from this blog

Doris Simeon Speaks On Discrimination In Nollywood

Image
Quite a number of actors have spoken about discrimination in Nigeria movie industry, which is mostly between the English speaking sector and the Yoruba speaking sector. Some Yoruba actors often complain about been discriminated and are perceived as illiterates because they speak an indigenous language. Despite the said discrimination,some Yoruba actors and actresses sometimes features in English movies. Nollywood actress,Doris Simeon in a recent interview with pulse TV, revealed that she is not aware of any discrimination clamored by some of her colleagues in the industry. In her words: "I have never experienced it on my own part, I really  cannot  say if there's discrimination or not . Maybe because i communicate with every member of the industry whenever we meet,even if we haven't worked together"goldmyntv
Read more