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Fuel Price Hike Kachikwu says FG has not increased PMS price

Kachikwu said this while speaking to newsmen after President Buhari's meeting with elders from the Niger Delta.

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Emmanuel Ibe Kachikwu play Emmanuel Ibe Kachikwu (REUTERS/Heinz-Peter Bader)

The Minister of state for Petroleum, Ibe Kachikwu, announced to newsmen that the Federal Government has not increased the fuel price.

This is coming on the heels of reports that vehicle owners have started stock piling the product in anticipation of a price hike

According to Vanguard, some Nigerian National Petroleum Corporation (NNPC) filling stations have increased their price from N145 to N149.

Kachikwu, who spoke after President Buhari’s meeting with the Niger Delta elders, said there is no plan to hike fuel price.

ALSO READ: Nigerians have fallen in love with NNPC all over again - Kachikwu

He said “Have you heard me announce any increment? Wait until you hear from my mouth,”

Oil marketers in Nigeria had warned that the price of fuel might go up due to the scarcity of foreign exchange to finance the importation of the product.

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