The Minister of State Petroleum Resources Chief Timipre Sylva has denied any increase in the price of Premium Motor Spirit (PMS).

His Senior Adviser (Media & Communications), Horatius Egua said this in a statement in Abuja.According to the statement, Sylva said President Muhammadu Buhari has not approved any price increase for PMS as is been bandied around.

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Sylva noted: “President Muhammadu Buhari has not approved any increase in the price of PMS or any other petroleum product for that matter. There is no reason for President Muhammadu Buhari to renege on his earlier promise not to approve any increase in the price of PMS at this time. Mr President is sensitive to the plights of the ordinary Nigerian and has said repeatedly that he understands the challenges of the ordinary Nigerian and would not want to cause untold hardship for the electorates’.

“Government will not approve any increase of PMS secretly without due consultations with the relevant stakeholders. The President has not directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) or any agency for that matter to increase the price of fuel. This is not the time for any price increase in pump price of PMS.”