ABUJA—The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, said, yesterday, there was no plan by the Federal Government to hike the price of Premium Motor Spirit, PMS, otherwise known as petrol.

The declaration came on a day Acting Executive Secretary of the Petroleum Products Pricing and Regulatory Agency, PPPRA, Mrs. Sotonye Iyoyo, dismissed calls by former NNPC GMDs that the price of petrol be increased, stressing that the downstream segment of the petroleum industry had already been liberalised. She also noted that the call of the former NNPC bosses was their personal opinion, which had no bearing on the agency’s price template.

The clarification of the minister, NNPC and PPPRA came against the backdrop of calls by former Group Managing Directors of the NNPC that the price of the product be hiked from its present rate of N145 per litre to enable the corporation generate more funds.

But Senate Spokesman, Abdullahi Aliyu Sabi, yesterday, warned proponents of the new increment in pump price of fuel, saying they must not take the patience of Nigerians over current economic situation in the country for granted.

Organised Labour also warned against any further increase in the pump price of fuel, saying it would be total madness to do so as it would be totally unacceptable.

Speaking separately after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, yesterday, both Kachikwu and Baru said there was no such proposal before the government.

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http://www.vanguardngr.com/2016/09/no-plans-increase-fuel-price-fg/

Nigerians know how to throw stones.
They should not allow it get to that.