Chief Timipre Sylva, Minister of State for Petroleum Resources, says there will be no increment in the pump price of Premium Motor Spirit (PMS)

Chief Timipre Sylva, Minister of State for Petroleum Resources, says there will be no increment in the pump price of Premium Motor Spirit (PMS) until conclusion of consultation with Organised Labour.

The News Agency of Nigeria (NAN) reports that Sylva gave the assurance while addressing newsmen on Friday in Lagos.

The minister said the clarification was necessitated by reports that the price of PMS, commonly known as petrol, had been increased to N212.61 per litre.

He said: ” Irrespective of the source of that information, I want to assure you that it is completely untrue.

“Neither Mr President who is the Minister of Petroleum Resources nor myself who deputise for him as minister of state has approved that petrol price should be increased by one naira.