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(AFRICAN EXAMINER) – The Federal Government on Friday said it would not increase petrol price in June despite the recommendation by the Nigeria Governors Forum that the cost of the commodity is increased. A committee set up by the Nigeria Governor’s Forum had on Wednesday recommended a petrol price of between N408.5/litre and N380/litre, and also called for immediate removal of petrol subsidy. But in a statement issued and signed by the Minister of State for Petroleum Resources, Chief Timipre Sylva, in Abuja on Friday, the government ruled out the possibility of a hike in petrol price any time soon.

Abuja federal capital territoryTimipre sylvaKennie obateruNigerian national petroleum corporationNigeria governors forumPetroleum resourcesNigeria governor forumGroup public affairs divisionAfrican examinerfeaturedLatest newsNews acrossFederal governmentNigeria governorChief timipre sylvaPremium motor spiritGroup general manager