The Federal Government Thursday said it has no plan to increase the pump price, urging citizens to shun panic buying.
Disclosing this in Abuja was the Permanent Secretary in the Ministry of Petroleum Resources, Danladi Kifasi.
According to him, the insinuation making the rounds is absolute false as the pump price of Premium Motor Spirit (PMS) remains N97 per litre.
Kifasi stated, “We would like to appeal to Oil Marketers to refrain from the hoarding of petroleum products and the general public from panic buying in anticipation of any increase in pump price.
“It is equally important to state that neither the Federal Ministry of Petroleum Resources nor any of its parastatal is under any instruction to activate a new pump price regime as being speculated.
“The relevant agencies of government including the Department of Petroleum Resources (DPR) and the Economic and Financial Crimes Commission (EFCC) have been directed to deal with offenders”.
