FUEL SCARCITY: No Plan To Increase Fuel Price, Says PPPRA
The government agency in charge of regulating petrol pump price, has found it imperative to clarify that there is no plan to increase fuel pump price this yuletide season.
The Executive Secretary of the agency, the Petroleum Products Pricing Regulatory Agency, PPPRA, Abdulkadir Saidu made this known on Tuesday.
He maintained that the retail price of petrol remains at the subsisting price cap of 145-naira per litre.
He urged Nigerians to ignore the growing speculation on the purported imminent increase in the pump price.
The executive secretary advised marketers to ensure that there was no price distortion in their respective retail outlets.
He added that PPPRA would continue to carry out its oversight function of monitoring the depots and filling stations across the country.
This, he said, was to ensure adherence to the regulated price and to nip in the bud other forms of sharp practices at retail outlets.
In addition, he commended the petroleum product marketers in the country for embracing dialogue with the federal government to resolve the issues arising from payment of outstanding subsidy claims.
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