The FG insists that there will be no increase in fuel price in June.

The current cost of petroleum will be held in the long stretch of June until the continuous commitment with coordinated work is closed
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Minister of State for Petroleum, Timipre Sylva

The Federal Government has denied claims of a planned increase in fuel price, claiming that there would be no increase in the month of June.

The explanation became vital to assure Nigerians that, despite the enormous weight of under-recuperation, the central government was not in a haste to raise the price of Premium Motor Spirit (petroleum) to represent current market real factors, according to a proclamation given by Minister of State for Petroleum, Timipre Sylva, and made available to Heritage Times.


Portions of the assertion read:

“By and by, it has gotten important to guarantee Nigerians that in spite of the tremendous weight of under-recuperation, the Federal Government isn’t in a rush to build the cost of Premium Motor Spirit (petroleum) to reflect current market real factors.

“The current cost of petroleum will be held in the long stretch of June until the continuous commitment with coordinated work is closed.

“This explanation gets important in the light of late reports with respect to the goal of the Nigeria Governors Forum to expand the siphon cost of petroleum.

“In such manner, I might want to unequivocally ask oil based goods advertisers not to take part in any action that could risk the consistent stockpile and dissemination framework set up.

I additionally ask individuals from general society to stay away from alarm purchasing on the grounds that the Nigerian National Petroleum Corporation (NNPC) has sufficient supply of oil based commodities to keep the country wet.”