No plan to increase fuel price, says Osinbajo

Vice President Yemi Osinbajo on Monday assured Nigerians the
Federal Government had no plan to increase fuel prices.

“We are certainly not expecting to increase oil (fuel) prices at
all; the government has absolutely no intention of increasing fuel
prices and that’s it,” he told journalists after an on-the-stop
assessment of the fuel situation in parts of Lagos.

A transcript of his interview with journalist was made available
by his Senior Special Assistant on Media and Publicity, Mr. Laolu
Akande.

Osinbajo visited Oando and Total depots in Apapa and reassured
Nigerians that the present administration was working round the
clock to end the fuel crisis as soon as possible.

He said one of the most important objectives of the
administration was to ensure that the average citizen was not put
through the pain of an increase in fuel price.

The Vice President stated, “We have been here holding a meeting
with major oil marketers and as you see everyone is at work trying
to ensure that the petrol queues are cleared. We are trying to look
at some of the issues and what needs to be done to ensure that
things move very quickly.

“Just yesterday, Mr. President tried to see how exactly he could
really work on the problems that we are experiencing and how to
very quickly clear up the queues and ensure that everyone is able
to have a happy holiday; that’s exactly why we are here today.”

He added, “The GMD of the NNPC is up in Abuja and I’m here with
the minister (of State for Petroleum Resources) trying to take a
look at what the problems of the marketers may be and also what
other issues there may be getting the products to petrol stations
across the country.

“We had a very good meeting and we hope that in the next couple
of days, we will be able to resolve the petrol queues and l hope
this rather sad episode come to an end as quickly as possible.”

Osinbajo identified one of the reasons behind the disruptions in
fuel distribution at the end of the year to what he called the
winter phenomenon.

He said, “So clearly, what has happened here is that on account
of some of the short deliveries that we have experienced, panic
buying and hoardings in different places started.

“So, those are largely the issues. So we are also trying to
ensure that these sorts of disruptions won’t happen in the future
and that’s one of the reasons why we are spending a bit of time to
look at some of the issues.”

Vice President Yemi Osinbajo on Monday assured Nigerians the
Federal Government had no plan to increase fuel prices.

“We are certainly not expecting to increase oil (fuel) prices at
all; the government has absolutely no intention of increasing fuel
prices and that’s it,” he told journalists after an on-the-stop
assessment of the fuel situation in parts of Lagos.

A transcript of his interview with journalist was made available
by his Senior Special Assistant on Media and Publicity, Mr. Laolu
Akande.

Osinbajo visited Oando and Total depots in Apapa and reassured
Nigerians that the present administration was working round the
clock to end the fuel crisis as soon as possible.

He said one of the most important objectives of the
administration was to ensure that the average citizen was not put
through the pain of an increase in fuel price.

The Vice President stated, “We have been here holding a meeting
with major oil marketers and as you see everyone is at work trying
to ensure that the petrol queues are cleared. We are trying to look
at some of the issues and what needs to be done to ensure that
things move very quickly.

“Just yesterday, Mr. President tried to see how exactly he could
really work on the problems that we are experiencing and how to
very quickly clear up the queues and ensure that everyone is able
to have a happy holiday; that’s exactly why we are here today.”

He added, “The GMD of the NNPC is up in Abuja and I’m here with
the minister (of State for Petroleum Resources) trying to take a
look at what the problems of the marketers may be and also what
other issues there may be getting the products to petrol stations
across the country.

“We had a very good meeting and we hope that in the next couple
of days, we will be able to resolve the petrol queues and l hope
this rather sad episode come to an end as quickly as possible.”

Osinbajo identified one of the reasons behind the disruptions in
fuel distribution at the end of the year to what he called the
winter phenomenon.

He said, “So clearly, what has happened here is that on account
of some of the short deliveries that we have experienced, panic
buying and hoardings in different places started.

“So, those are largely the issues. So we are also trying to
ensure that these sorts of disruptions won’t happen in the future
and that’s one of the reasons why we are spending a bit of time to
look at some of the issues.”