Federal Government To Maintain Petrol Pump Price for Month of June – Minister

Nigerians have been assured by the Federal Government that there will not be an increment in the price of Premium Motor Spirit-Petrol in the month of June despite the huge burden of under-recovery and the current market realities.

Making this clarification today in a press release signed by the minister of state for petroleum Timipre Sylva, the federal government said it would retain the current price of petrol until the ongoing engagement with the organized labour is concluded.

Minister of State for Petroleum Timipre Sylva

According to the Minister, the clarification becomes necessary in view of the recent resolution of the Nigeria Governors Forum that the pump price of petrol is increased.

In the press statement, the petroleum product marketers were urged not to infringe on the seamless supply and distribution system in place and called on the public not to embark on panic buying assuring that the Nigeria National Petroleum Corporation-NNPC have enough stock of petroleum products that can go round the country.

Roland Dosumu

Written by BoomRadioNG