Stakeholders working to prevent further PMS price hike – Tinubu Media Aide

By Saadatu Albashir

President Bola Tinubu and industry stakeholders have taken a definitive stance, asserting that the existing fuel pricing structure will remain unchanged.

Ajuri Ngelele, the spokesperson for President Tinubu, said stakeholders were proactively tackling inefficiencies, that seek to pre-empt the need for a price increase while also fostering a level playing field for all market participants.

President Tinubu himself has personally reaffirmed this commitment, ensuring that there will be no increase in the price of Petroleum Motor Spirit (PMS) across the country, Mr Ngelele said in a video briefing.

He said figures from the Nigerian National Petroleum Company Limited (NNPCL) have underscored the determination of the federal government to maintain prevailing fuel prices, showcasing commitment to deregulation and efficient resource management, he added.

The NNPC said on Monday that it has no intention to increase the pump price of petrol.

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