The authority’s spokesperson, George Ene-Ita, said this in an interview with the News Agency of Nigeria (NAN) in Abuja while reacting to the recent increase in fuel pump prices linked to the ongoing Middle East crisis.
NAN reports that many motorists in Abuja have expressed concern and dissatisfaction over the recent hike in prices of Premium Motor Spirit (PMS) called fuel, which were previously sold between N875 and N880 per litre.
Currently, independent marketers are selling fuel between N960 and N1,000 per litre and above, while outlets of the Nigerian National Petroleum Company Limited are selling at about N960 per litre.
Nigerians have expressed concern on the justification for the increase in pump price and the implications to the country.