No Plan To Increase The Pump Price Of Petrol - F.G | PLUS POLITICS
Channel: Plus TV Africa
Date: 2022-12-02

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For The First Time In Weeks Since The Scarcity Of Premium Motor Spirit, Popularly Called Petrol, Began, The Federal Government Opened Up And Declared On Wednesday That There Was No Plan To Increase The Pump Price Of Petrol, At Least During The Yuletide Season.

 However, The Government’s Comments Came Amid A Worsening And Persistent Fuel Scarcity, Which Spread Further On Wednesday Across The Country. Also, The Cost Of The Commodity Rose To As High As N285/Litre In Some Filling Stations In Abuja. Oil Marketers Stated That The Black Market Cost Of Petrol In Lagos Had Risen To About N450/Litre, While It Sold For More Than That Price In Some Other States.

But The Government Disclosed On Wednesday That There Was Fuel Supply Stock That Could Last The Country For 34 Days. As Concerns Around Fuel Price And Supply Heightened, The Government Declared That It Had No Plan To Increase The Price Of Petrol, Describing Comments On PMS Price And Its Availability As Speculations.

Dayo Kayode, A Political Analyst, And Sunny Maduka, A Political Analyst, Joined Us To Discuss
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