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Presidency Debunks Increase In Petrol Prices, Insists No Reversal Of Deregulation Policy

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President Bola Ahmed Tinubu has reaffirmed that there will be no increase in Petroleum Motor Spirit (PMS) pump prices across the nation while pleading with citizens to be patient with the new administration.

Addressing State House Correspondents today at the Presidential Villa, Abuja, the Special Adviser on Media and Publicity, Ajuri Ngelale, said President Tinubu will address the inadequacies along the supply, demand, and distribution value chain in the downstream sector.

This is coming as a response to debunk speculations in the media about a temporary subsidy on crude oil prices.

TRK-UP-Ajuri Ngelale-Special Adviser on Media and Publicity to the President

Ngelale added that the Petroleum Deregulation policy remains and President Tinubu is committed to ensuring the implementation of measures targeted at resolving issues around sub-sectors of the petroleum industry.

TRK-UP-Ajuri Ngelale-Special Adviser on Media and Publicity to the President

Recall that the President had directed the Central Bank of Nigeria to address inefficiencies in the foreign exchange market that need to be tidied up to curb pms pump price increase.

Highlighting the daily brief of the President as provided by the Nigerian National Petroleum Corporation Limited (NNPCL), the presidency revealed graphics of pms pump prices in the West African sub-region while urging Nigerians to be more patient as the administration works hard to make life better. END!!!!

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