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Kachikwu Speaks About Rumoured Fuel Price Hike

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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Monday denied plans to increase the pump price of Premium Motor Spirit (PMS) known as petrol.

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, also corroborated the denial.

The call for the hike of fuel price was made at the forum of former group managing directors of the Nigerian National Petroleum Corporation (NNPC) on September 4, Sunday.

However, while speaking separately with State House correspondents after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja, both parties denied plans to implement the suggested fuel price hike.

Baru, who was the first to emerge from the meeting, was pressed by correspondents for comments but he declined and referred journalists to the Petroleum Products Pricing and Regulatory Agency (PPPRA).

Asked if there will be a review of the price, the NNPC GMD dismissed the journalists, saying: “There is nothing like that.”

Kachikwu said there was no memo before the Federal Government asking for a review of the fuel price.

He asked the state house correspondents after the meeting: “Have you seen any memo to that effect?’’
 

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