The fuel scarcity is still biting hard and it does not look like it is fading away anytime soon.

The Federal Government is under pressure to find a lasting solution to the crisis as it is running out of excuses. 

The government on Tuesday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price of N145 per litre.

But the Minister of State for Petroleum, Ibe Kachikwu, has denied reports that the Federal Government is planning to hike the pump price of petrol.

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The Director of Press in the ministry, Idang Alibi, in a statement on Thursday night, clarified the minister’s submission made to the joint committee of the National Assembly on Petroleum Downstream.

“The Ministry of Petroleum Resources would like to categorically state that the Minister never mentioned nor insinuated the need or plans by the Federal Government to increase the current pump price of Premium Motor Spirit”, Alibi said.

Alibi added that Kachikwu had told the hearing, shown live on NTA, 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.

“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”, said Alibi.

Alibi urged the public and investors in the Oil and Gas sector to disregard such allegations of a planned price increase.


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