Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Minister denies rumour of impending fuel price hike

11 March 2014, 19:09

Abuja - The Minister of Petroleum Resources, Diezani Alison-Madueke, in Abuja on Tuesday said that the Federal Government had no plan to increase the pump price of petrol.

Alison-Madueke said this at the 2014 budget defence of the ministry and its parastatals before the House of Representatives Committees on Petroleum Resources (Upstream and Downstream) and Gas.

According to her, there is a strange rumour that the Ministry of Petroleum Resources is going to announce an increase in the pump price of petrol.

“I say categorically that we have no plan to increase the pump price of petrol anytime in the near future,’’ she said.

She noted that the development had only helped to instigate hoarding and diversion of petroleum products.

The minister said the ministry would flood the country with petroleum products next week.

“It was quite obvious that there was a hitch in supplies about a week ago and that had been remedied now,’’ she said.

She warned that any filling station caught in the diversion of petrol, be it private or government-owned would be sanctioned accordingly.

The minister, who decried inadequate funding of the ministry, said that it was the intention of the ministry to consolidate on its achievements in spite of the challenges.

“We will continue to bring quality investments to the petroleum sector,’’ she said.

Meanwhile, the Chairman, House Committee on Petroleum Resources Upstream, Muraina Ajibola has urged the minister to ensure that petrol is available to Nigerians.

On his part, Dakuku Peterside said that the ministry required enough funding because of its importance to the country's economy.

He enjoined the minister to judiciously utilise the little allocated to the ministry.

The sum of N61.9 billion was proposed by the ministry and its parastatals in the 2014 budget.


For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...