…Asks Nigerians to avoid panic buying
There will be no increase in the price of Premium Motor Spirit, also known as petrol, in June, the Federal Government has assured Nigerians.
The Minister of State for Petroleum Resources, Timipre Sylva, gave the assurance in a statement on Friday in Abuja, the Federal Capital Territory, (FCT).
He noted that while the decision of the government was in contradiction to the present situation in the petroleum markets, it remained committed to its engagement with the organised labour.
He explained that the clarification became necessary in the light of recent reports regarding the resolution of the Nigeria Governors’ Forum to increase the pump price of petrol.
Sylva warned petroleum product marketers in the country against engaging in any activities that could jeopardise the seamless supply and distribution system presently in place.
He also appealed to Nigerians in various parts of the country to remain calm and avoid panic buying of the product.
