KACHIKWU AND BARU DEBUNK PLANS TO INCREASE PUMP PRICE OF PETROLEUM

index

KACHIKWU AND BARU DEBUNK PLANS TO INCREASE PUMP PRICE OF PETROLEUM

The plans increase pump price of petroleum has been debunked by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Monday.

This was revealed by them to State House correspondents after meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.

Asked to clarify if there will be any increment, Baru who was the first to emerge from the meeting, said “There is nothing like that.”

The GMD, however, directed the correspondents to go to the Petroleum Product Pricing and Regulatory Agency (PPPRA‎) for further clarification on the issue.

Pressed on the issue by State House correspondents, he asked, “have you seen any memo to that effect?”

It would recalls that oil marketers recently threatened to increase pump price in view of forex scarcity.

Leave a Reply

Your email address will not be published. Required fields are marked *

Shares