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FG denies hiking petrol pump price as scarcity persists


The Federal Government yesterday denied giving any directives to marketers to raise the pump price of petrol from N180 per litre to N195.

The denial comes a day after marketers raised the price of petrol after a memo from Federal Government owned NNPC Retails Limited.

Despite the hike in rate, the queues remained at petrol stations in Abuja with the stations dispensing at the new pump price.

The Minister of State Petroleum Resources Chief Timipre Sylva in a statement by his media aide denied that the government gave the order for the price hike.

Sylva said President Muhammadu Buhari has not approved any price increase for PMS as reported in the media.

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