No Plans To Increase Petrol Price – Kachikwu, Baru

Following media reports of possible increase in the prices of petroleum products in the country, the Minister of State for Petroleum, Dr. Ibe Kachikwu, on Monday refuted the media reports. Also, the Group Managing Director of the Nigerian National Petroleum Corporation, Alhaji Maikanti Baru, refuted rumours of the possible increase. Baru allays the fears of Nigerians after a closed-door with President Muhammadu Buhari, in Abuja. Pressed on the issue by State House correspondents, he asked: “Have you seen any memo to that effect?” On his part, Baru said the NNPC has no plan to increase the pump price of petroleum products, stressing: “There is nothing like that.” The GMD, however, directed the correspondents to go to the Petroleum Product Pricing and Regulatory Agency for further clarification on the issue.

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