SAN FRANCISCO, December 06, (THEWILL) – The Federal Executive Council (FEC) has ordered Ibe Kachikwu, the Minister of State for petroleum resources, and Maikanti Baru, Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC), to ensure the current fuel scarcity in some parts of the country do not last beyond weekend.
Lai Mohammed, the Minister of Information, revealed that the directive was issued on Wednesday at the FEC meeting presided over by Vice-President Yemi Osinbajo.
Briefing journalists about the development, Mohammed said contrary to speculation, the government has no intention to increase the pump price of fuel in the country.
According to him, Kachikwu told FEC that there is enough fuel in the country to last till January 2018 insisting that there was no cause for alarm
“The Minister of petroleum was suppose to join us but he has to attend a very important meeting so that this crisis would be resolved,” he stated.
“The government has no intention at all that to increase the pump price of PMS. Two, the minister assured the council that we have enough products till the next one month even till the end of January.
“Thirdly, this is winter period. There is always more demand for refined products for petroleum during winter period in the colder countries, this is what we are experiencing now.
“Also that it has been the NNPC that has been importing but he has assured. The council gave him a matching order that this fuel scarcity should not last beyond this weekend and they are going to work very hard to ensure that it is curtailed. He assured council that there is actually no cause for alarm.”
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