Home News No Increase in Petrol Price in June – Nigerian govt
News

No Increase in Petrol Price in June – Nigerian govt

Share
Share

The federal government of Nigeria has said there will be no increase in the pump price of petrol in the country in June.

The government stayed this in a statement signed by the Minister of State for Petroleum, Timipre Sylva, on Friday.

In April, the Nigerian National Petroleum Corporation’s group managing director, Mele Kyari, announced that the price of petrol will not be increased until ongoing negotiations between labour unions and the government are concluded.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

Also Read:  NNPC Insists Petrol Depot Price Will Not Increase in March

“Once again, it has become necessary to assure Nigerians that despite the burden of under-recovery, the Federal Government is not in a hurry to increase the price of Premium Motor Spirit (petrol) to reflect current market realities,” the statement said.

“The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded.

“This clarification becomes necessary in the light of recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol,” Mr Sylva said in the statement.

Also Read: No Plan To Increase Petrol Pump Price to N170, N180 – IPMAN

“In this regard, I would like to strongly urge petroleum products, marketers, not to engage in any activities that could jeopardize the seamless supply and distribution system in place while calling on members of the public to avoid panic buying because the Nigerian National Petroleum Corporation has enough stock of petroleum products to keep the nation wet.”

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Akwa-Ibom Gov-elect, Umo Eno in Certificate Forgery Saga
News

Akwa Ibom Governor Denies Ritual Sacrifice Allegations, Blames Detractors

Akwa Ibom State Governor, Umo Eno, has denied allegations of ritual sacrifice...

News

Tantita Security Services Reaffirms Commitment to Peace, Devt in Niger Delta

Tantita Security Services Nigeria Limited has reaffirmed its commitment to promoting peace...

Jigawa Flood, Most Disastrous in History– Victims
News

Niger State Devastated by Flash Floods, Death Toll Hits 115

Flash floods in Niger State, Nigeria, have killed at least 115 people,...

News

Boko Haram’s Top Commander Killed in Military Operation

Nigerian troops have killed a high-ranking Boko Haram commander, Amir Abu Fatima,...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush