SAN FRANCISCO, September 05, (THEWILL) – The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Monday, denied plans to increase the pump price of Premium Motor Spirit (PMS) known as petrol.
Baru made this known as he spoke with State House correspondents after meeting with President Muhammadu Buhari and his predecessor, Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, at the Presidential Villa, Abuja.
The meeting followed the reports that a meeting of former GMDs of NNPC had recommended increase in fuel price, claiming that the current price is no longer sustainable and does not align with the realities in the economy.
Baru, who was the first to emerge from the meeting, said the NNPC had no plan to increase the pump price of petroleum products, emphasising that “there is nothing like that.”
He however, directed the correspondents to go to the Petroleum Product Pricing and Regulatory Agency (PPPRA) for further clarification on the issue.
But Kachikwu who came out about 15 minutes later directed journalists to speak with Baru on the matter. When told that Baru had declined comments on the matter, Kachikwu said there was no memo before the Federal Government asking for a review of the fuel price.
Story by David Oputah
