Timipre Sylva, Minister of state for petroleum resources has said there will be no increment in the pump price of premium motor spirit (PMS) until the conclusion of talks with organised labour.
This statement comes as a reaction to the new pricing template published by the Petroleum Products Pricing Regulatory Agency (PPPRA) which pegged the new pump price of petrol at N212.61 per litre.
Sylva also told Nigerians to dismiss the false news about increment in petrol price.
He said: “Irrespective of the source of that information, I want to assure you that it is completely untrue.
“Neither Mr President who is the Minister of Petroleum Resources nor myself who deputise for him as minister of state has approved that petrol price should be increased by one naira.
“I, therefore, urge you to disregard this misleading information.”
As indicated by the minister, the government has been in talks with organised labour to track down the most un-excruciating choice to react to the worldwide hike of the price of crude oil.
He also added that: “I will like to equally assure you that the engagement with the organised labour and other stakeholders will continue even as the calculations to arrive at a reasonable price regime are being done; all in good faith and you will be availed of the outcome at the appropriate time.
“Until then, all marketers are strongly advised to maintain the current pump price of PMS before the emergence of this unfortunate information.
“Those who may want to take advantage of this unfortunate information to extort Nigerians should not give in to such temptations as there are regulatory mechanisms that government can enforce to protect its citizens.
“In conclusion, I want to sincerely apologise to all Nigerians for any distress and inconvenience the unfortunate information might have caused.”