During a closed-door meeting with President Buhari and the Group
Managing Director of Nigerian National Petroleum Corporation (NNPC),
Alhaji Maikanti Baru in Abuja on Monday, the Minister of State for
Petroleum, Dr Ibe Kachikwu denied media reports of the intended increase
in the prices of petroleum products within the country due to media
reports that Oil marketers were planning to increase the prices of
Petroleum products due to the scarcity of foreign exchange to procure
the necessary products needed for their business.
Dr. Kachikwu told state House correspondents and that there was no truth
in it asking them if they had seen any memo to that effect.
Alhaji Baru backed up what Kachikwu said by also denying there was any planned increase
of petroleum products.
Baru advised
the correspondents to contact the Petroleum Product Pricing and
Regulatory Agency (PPPRA) if they needed more information on the issue.
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