Bamidele Fashube, Abuja, Nigeria. (GVE) – THE Federal Government of Nigeria FGN and the Nigerian National Petroleum Corporation (NNPC), have dismissed speculations on possible increase in fuel pump price.
The Minister of State for Petroleum Resources, Ibe Kachikwu and the Group Managing Director (GMD) NNPC Maikanti Baru stated this after a meeting with President Muhammadu Buhari at the Presidential Villa, Abuja on Monday.
This was following reports that a meeting of former GMDs of NNPC had recommended increase in fuel price on beliefs that the current price is no longer sustainable.
Baru, who after the meeting, declined to make comments on outcomes of the meeting, instead referred journalists to the Petroleum Products Pricing and Regulatory Agency (PPPRA).
On possible review of the price, he said: “There is nothing like that.”
On his part, Kachikwu directed reporters back to the GMD NNPC for answers.
He, at the end said there was no memo before the federal government asking for a review of the price.