The Federal Government has reassured Nigerians that there is no plan to increase the pump price of petrol by N5.00, at least for now.
Further, it urged Nigerians to disregard the current speculations which had suggested a planned increase by N5.00, adding that the pump price still remains at N145 per litre of petrol nationwide.
Within the last few days, there had been concerns over possible increase in petroleum pump price following approval by the National Assembly of petroleum tax of N5.00 per pump price.
But the Petroleum Products Pricing Regulatory Agency (PPPRA) said it should be disregarded and reassured that it would maintain the prevailing price.
In a statement, the Executive Secretary of PPPRA, Abdukadir Saidu, said: “As the agency of government saddled with the responsibility of regulating petroleum products pricing, supply and distribution, we want to assure the Nigerian public that the subsisting pump price cap for PMS remains N145 per litre across the country.
“As such, Nigerians should please ignore the speculation on price increase.
“We again wish to assure all Nigerians that pursuant to its mandate, the PPPRA shall not fail in its efforts geared towards ensuring products availability, and at regulated price, for the benefit of all.”