Lagoscityreporters.com is a web-based news and entertainment portal established to deliver cutting edge, incisive and knowledge-driven journalism practicelagoscityreporters.com is mandated to drive this vision through online journalism.
President Bola Tinubu on Tuesday, August 15 assured Nigerians that there will be no increase in the pump price of Premium Motor Spirit (PMS), or petrol, anywhere in the country.
According to the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the petroleum market has been deregulated and will remain same way.
He stated that the FG will address the inefficiencies within the midstream and downstream petroleum subsectors to maintain prices where they are without having to resort to a reversal of the administration’s policy in the petroleum industry.
This comes less than 24 hours after the Nigerian National Petroleum Company (NNPC) Limited said it had no plan to raise the pump price of petrol.
In a terse statement on Monday night, the company urged Nigerians to disregard speculations of a fresh hike in the price of the premium product.
The NNPC has repeatedly increased pump prices of Premium Motor Spirit (PMS), or petrol, since the May 29 declaration of President Bola Tinubu that “fuel subsidy is gone”.
NEWS:lagoscityreporters.com Unveils Online Live Streaming Radio | Ahueze Vivian Isioma Emerges Winner Of The Inaugural Emeka Monye Scholarship Prize For Best Graduating Student, Mass Communication, UNN | I Contemplated Suicide In 2011 – Former Governor Ohakim Reveals | Tinubu Finally Breaks Silence, Makes Demand From Governor Alia Over Benue killings | Atalanta Demand €50m Transfer Fee For Lookman | Obi Reveals Those To blame For Benue Killings | Group Warns Of Looming Ethnic War Over Benue Killings | Pope Reacts Over Benue Killings | India Plane Crash Victim's Relative Slams Influencers For Exploiting Tragedy | At Least 60 Feared Killed As Israel Launches Attacks On Iran | 4,000 Escape Death As Fire Rips 67-Storey Dubai Marina Skyscraper | Israel Hits Iran's Refinery As Middle East Crisis Deepens | Notorious Bandit Leader Gives Condition For Peace | Rivers Crisis: Our Victory Will Come – Fubara | King Charles Honours David Beckham With Knighthood | Air India Pilot's Last Messages Before Crash Revealed | FG Suspends 3-day Prayer For Food Security | Mystery: Two Plane Crashes, Two Lives Spared, Because Of One Seat, "The 11A" | Air India To Compensate Families Of Crash Victims With Rs 25 lakh | Ill-Fated Indian Airline: How I survived, Lone Survivor Recounts Miracle Escape From Crash | Social Media Post: Jonathan Breaks Silence On Contesting 2027 Presidency | Teacher Charged With Sexual Assault, Murder Of Adopted Toddler | Keyamo Orders Investigation Into Oshiomhole’s Faceoff With Air Peace | Middle East War: Iran, Israel Target Each Other With Deadly Missiles | 10 Key Facts About The Iran-Israel Conflict | Victim Of Ill-Fated India Plane Crash Came From London To Fulfill Wife's Dying Wish | Timeline Of How London-Bound Air India Flight Crashed Moments After Take-Off | How UK Based Doctor, Wife And Three Children Died In the Ill-Fated Indian Plane Crash | 38-Year-Old Man Miraculously Walks Out After Air India Crash | ADVERT: Healthy You Pharmacy And Diagnostic Laboratory, 85 Zik's Avenue, Opposite Gtbank, Eke Awka, Awka, Anambra State, healthyupharmacy24@gmail.com, +2347070508446 | For News Coverage, Adverts Placement And Other Enquiries, call: +234(0)8063310733
Comments are closed