The federal government has declared that there was no plan to increase the pump price of petrol, during the Yuletide season.
However, the government’s comments is coming amid a worsening and persistent fuel scarcity, which spread further on Wednesday across the country.
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Cost of the commodity have risen to as high as N285/litre in some filling stations in Abuja.
Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) insists the Federal Government has no intention of increasing the price of Premium Motor Spirit (PMS) during the festive period.
The General Manager, Corporate Communications, NMDPRA, Mr Kimchi Apollo said this through an advisory which addressed speculations on the increase in price and availability of PMS.
It was reported on Wednesday that the pump price of petrol could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of the product, according to oil marketers.
The government, has also advised Nigerians to avoid panic buying without acknowledging that several people are struggling to buy fuel.