No Fuel Price Increase For Now, assures Ibe Kachikwu

The Minister of State for Petroleum, Dr Ibe Kachikwu has refuted media reports of possible increase in the prices of petroleum products in the country.

Supported by and the GMD of Nigerian National Petroleum Corporation (NNPC), Alhaji Maikanti Baru, after a closed-door with President Muhammadu Buhari in Abuja, Kachikwu described the reports as untrue.

Pressed on the issue by correspondents, he asked, "have you seen any memo to that effect?"

On his part, Baru also assured that the NNPC has no plan to increase the pump price of petroleum products, stressing that “there is nothing like that.’’

The GMD, however, directed state house correspondents to go to the Petroleum Product Pricing and Regulatory Agency (PPPRA‎) for further clarification on the issue.