Wednesday, July 24, 2024
HomenewsPMS Pump Cost Won't Rise—Sylva

PMS Pump Cost Won’t Rise—Sylva

Timipre Sylva, the Minister of State in charge of Petroleum Resources, has refuted claims that the cost of Premium Motor Spirit has increased (PMS).

This is stated in a statement that Horatius Egua, the Minister of State for Petroleum Resources’ Senior Advisor (Media & Communications), has signed.

President Muhammadu Buhari has not approved any price increases for PMS, as has been rumored, according to a statement released by Sylva on Friday in Abuja.

According to him: “President Muhammadu Buhari has not approved any increase in the price of PMS or any other petroleum product for that matter. There is no reason for President Muhammadu Buhari to renege on his earlier promise not to approve any increase in the price of PMS at this time. Mr President is sensitive to the plights of the ordinary Nigerian and has said repeatedly that he understands the challenges of the ordinary Nigerian and would not want to cause untold hardship for the electorates’.

“Government will not approve any increase of PMS secretly without due consultations with the relevant stakeholders. The President has not directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) or any agency for that matter to increase the price of fuel. This is not the time for any price increase in pump price of PMS” Sylva stated further.

The Minister noted that “What is playing out is the handiwork of mischief makers and those planing to discredit the achievements of Mr President in the oil and gas sector of the economy. I appeal to Nigerians to remain calm and law abiding as the government is working hard to bring normalcy to fuel supply and distribution in the country”.

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