06 June 2017, Sweetcrude, Abuja — The Petroleum Products Pricing Regulatory Agency (PPPRA), Tuesday, assured Nigerians that there are no plans to increase the price of Premium Motor Spirit, PMS.
Executive Secretary of the PPPRA, Abdukadir Saidu, in a statement in Abuja, urged Nigerians to ignore speculation of an impending hike in the price by N5 per litre, stating that the price of the commodity remains N145 per litre across the country.
He said, “The PPPRA has observed the growing speculation on a purported imminent increase in the pump price of Premium Motor Spirit (PMS) by N5.00 per litre.
“The Agency hereby wishes to dispel this rumour and assuage the concerns of Nigerians. As the Agency of Government saddled with the responsibility of regulating petroleum products pricing, supply, and distribution, we want to assure the Nigerian public that the subsisting pump price cap for PMS remains N145 per litre, across the country and as such, Nigerians should please ignore the speculation on the price increase.
“We again wish to assure all Nigerians that pursuant to its mandate, the PPPRA shall not fail in its efforts geared towards ensuring products availability, and at a regulated price, for the benefit of all.”