The federal government insists no going back on fuel increment.

Maintaining that government is adamant on the new fuel price, Mohammed said, "As you are very much aware, a new price regime for Premium Motor Spirit, otherwise known as petrol, was recently announced by the federal government.


Mohammed further explained that "the renewed insurgency and pipeline vandalism in the Niger Delta have drastically reduced national crude oil production to 1.65 million barrels per day, against 2.2 million barrels per day planned in the 2016 budget, further reduce income to Federation account." His words: "Let me also note that the resultant fuel scarcity has created an abnormal increase in price, resulting in Nigerians paying between N150 and N300 per litre as prevalent hoarding, smuggling and diversion of products have reduced volumes made available to citizens He assured that the liberalization of petrol supply and distribution will allow marketers and any Nigerian entity willing to supply PMS to source for their forex and import PMS to ensure availability of products in all locations of the country The minister added that, "the new pricing regime will solve the recurrent fuel scarcity by ensuring product availability across the country.