From Victor Osula, Abuja
President Tinubu
Following the fear being expressed publicly over planned increase in the pump price of petrol, the federal government on Tuesday, ruled out further increases.
Special Adviser to the President on Media and Publicity, Ajuri Ngelale told State House Correspondent in Abuja on Tuesday that President Tinubu stated that the policy of deregulation will continue to be carried out by his administration as no single entity will be allowed to control the market, adding that the inefficiency in the downstream and upstream sectors of the oil and gas industry is already being tidied up.
He said, “The Presidency says there is no increase in petroleum product prices at this time as the President is convinced, based on the information before him, that Nigeria can maintain current pricing without reversing our deregulation policy by swiftly cleaning up existing inefficiencies within the midstream and downstream Petroleum sector.
“President Tinubu says it is incumbent on all stakeholders in the sector to hold their peace and he believes the threat of a nationwide strike by the Nigeria Labour Congress is premature, but urged them to rather do fact-finding into issues in the downstream and upstream sector.
