The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okonkwo, has debunked reports that the Nigerian Government is planning to increase the pump price of Premium Motor Spirit (PMS) also known as petrol, in the first quarter of the year 2021.
Recall that the pump price was increased by the Nigerian Government to N151.56 per litre on September 2, 2020.
Meanwhile, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROOAN), Billy Gill is-Harry, recently asked the Nigerian Government to increase the pump price from around N160 to N170.
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Harry said it was necessary because the Government had increased the cost of depot price to marketers from N157 to N160.
However, Okonkwo in his words said there would be nothing like hike in fuel price.
“The government is not planning to increase the fuel price, and don’t bring all these speculations. I still bought a litre of petrol this morning at N162. It is not good to dwell and work on rumours.
“Let’s work on facts and figures at hand. At least, that’s what we have for now. And when we get to the bridge, we will cross it. Let us not project what is not true and let us not complain yet.”
