President Buhari & Petroleum Minister Denied Ever Increasing Fuel Pump Price

The Nigeria President Muhammadu Buhari and the Minister of States for Petroleum, Timipre Sylva has rejected the increase in the price of petrol as announced earlier by the Petroleum Products Pricing Agency (PPPRA). Recall that after the Nigerian National Petroleum Corporation restated that the price of petrol has not been increased following an outcry the report incited, the Petroleum Products Pricing Agency deleted the post from its website.

In a statement released later on Friday 13th March 2021, Timipre Sylva averred that neither he nor President Muhammadu Buhari who is the Minister of Petroleum Resources have approved that the pump price of petrol be increased by one naira.

He however apologized to Nigerians for the distress and inconvenience the unfortunate information might have caused them.

The statement read;

Dear fellow Nigerians, you are by now very aware of the news trending that the federal government has increased the price of petrol to N212.6 per liter. 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 my humble self who assist him as the Minister of State for Petroleum has approved that the pump price of petrol should be increased by one naira. I would therefore urge you to disregard this misleading information.

You are all aware that for the past few months the government has been in consultation with organized labour to find the least painful option to respond to the global rise in the price of crude, which in turn has inevitably led to increase in the price of PMS. It is unthinkable that government would unilaterally abandon these discussions and act in the manner suggested by the information under reference.

Cynicism and deceit has never been the trademark of the administration of President Muhammadu Buhari. I would like to equally assure you that the engagement with organized labour and other stakeholders will continue even as the calculations to arrive at a reasonable price are being deliberated. I assure you in good faith that you will be informed of the final 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 misinformation to extort Nigerians should not give in to such temptation 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 this unfortunate information might have caused.


Austine Ikeru
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