Buhari never secretly approved N185 litre fuel pump price: Sylva

The federal government has refuted claims that it increased the pump price of fuel to N185 per litre.
In a statement issued on Friday, Minister of State for Petroleum Resources, Timipre Sylva, said that the president had not authorised such increase.
“President Muhammadu Buhari has not approved any increase in the price of PMS or any other petroleum product for that matter.
“There is no reason for President Muhammadu Buhari to renege on his earlier promise not to approve any increase in the price of PMS at this time,” the statement read.
Despite the federal government’s denial, some marketers across the country still sell above N200 per litre.
In a notice to petroleum marketers on Thursday, the federal government reportedly ordered that an increase of N185 per litre take effect immediately.
On Friday, fuel stations along the Ojodu and Ogba axis of the state were selling between N230 and N240 a litre.
Further checks by Peoples Gazette on Saturday morning showed that AMUF oil in Ojodu Aboidun area of Ogun state was selling at N265 per litre.
Mr Sylvia said the government will not covertly approve any price increases without consulting stakeholders.
“The President has not directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority or any agency for that matter to increase the price of fuel.
“This is not the time for any increase in the pump price of PMS,” the junior minister said.
Contacted on Friday by Peoples Gazette, the Nigerian National Petroleum Corporation Limited (NNPCL) said that it was not responsible for the increase.
The Group Manager for Public alAffairs, Garba Deen Muhammad, said “NNPC does NOT fix price for PMS. This is the responsibility of the regulator, the NMDPR.”
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

World
Canada announces immigration opportunities for carpenters, plumbers from Nigeria, other nations
The IRCC urged Nigerians and immigrants from other nations with relevant skills to explore its immigration process.

World
Trump pays over $5 million damages to E. Jean Carroll Â
A court filing showed that Mr Trump paid a total of $5.6 million, including interest.

States
Army kills two terrorists, rescue kidnap victims in Edo
The operation was initiated following a report of a kidnap incident at Ambrose Alli University, Ekpoma, on 13 July.

NationWide
CIoD seeks reforms to boost Nigeria’s global competitiveness
Mr Oyebanji said governance had become a strategic imperative amid technological disruption.

NationWide
Senate passes three concurrence bills, advances FMC Argungu bill
The Senate unanimously approved the three bills for concurrence.

Economy
BOI commits €85 million facility to drive cocoa processing
The bank said it would prioritise lending to processors, cooperatives and micro, small, and medium enterprises that add value locally.





