Kachikwu denies plan to increase fuel price

Emmanuel Ibe Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has reiterated that there are no plans by the Federal Government to increase the price of petrol.

Kachikwu was reacting to media reports credited to him that he said the price of petrol might be increased soon when he appeared before at the National Assembly Joint Committees on Petroleum Resources (Downstream) on Thursday.

The Minister made the clarification in a statement late on Thursday by the Director of Press in the Ministry, Uche Adighibe.

He said: “The attention of the Office of the Honorable Minister of State, Petroleum Resources has been drawn to some certain publications making the rounds on both traditional and social media alleging that the Honorable Minister of State, Petroleum Resources Dr Emmanuel Ibe Kachikwu dropped a hint of an impending fuel price increase during the Joint Senate and House of Representatives Committee hearing on fuel scarcity in Nigeria.”

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“The Ministry of Petroleum Resources would like to categorically state that the Honorable Minister of State, Petroleum Resources all through his presentations at the hearing never mentioned nor insinuated the need or plans by the federal government to increase the current pump price of Premium Motor Spirit (PMS).”

He noted that the presidency had set up a special committee to identify the immediate and remote causes of the fuel scarcity with a view to finding both immediate and long-lasting solutions to the challenge.

“The committee has been in rounds of deliberations in the past few days and these discussions are still ongoing. The final decisions and recommendations from the committee would be passed on to the president and commander-in-chief for approval,” the statement read.

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“Further information and communiqué on the resolutions would be communicated as and when due.”