News came out yesterday that the Nigerian government is planning to increase petrol price to between 408 naira and 385.

FG speaks on increasing fuel price to N385_litre

The Federal Government has claimed there will not be any hike in petrol price next month, after reports that the Nigerian Governors’ Forum (NGF) called for the full deregulation of the downstream sector of the oil industry, adopting a price of N385 per litre.

The FG has insisted that the current price range of between N162 to N165 per litre still stands.

FG speaks on increasing fuel price to N385_litre

However, a statement signed by Timipre Sylva, the Minister of State for Petroleum, on Friday, read, “Once again, it has become necessary to assure Nigerians that despite the huge burden of under-recovery, the Federal Government isn’t in a hurry to increase the price of Premium Motor Spirit (Petrol) to reflect the current market realities.

“The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded. This clarification becomes necessary in the light of recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol.

“In this regard, I will like to strongly urge the petroleum product marketers not to engage in any activities that could jeopardize the seamless supply and distribution system in place while calling on members of the public to avoid panic buying because the Nigerian National Petroleum Corporation (NNPC) has enough stock of petroleum products to keep the nation wet.”

A greater number have reacted to this news;

Reno Omokri tweeted that if truly the Muhammadu Buhari administration, in cahoots with the Nigerian Governors Forum, plans to increase fuel price to between 408 naira and 380 naira as is being reported. He said you should let the Buhari administration know that what happened in Kaduna will be child’s play to what will happen nationwide.

If the government is planning to increase the price of petrol, it will surely lead to a nationwide strike and protest. Many are already reacting that Buhari administration does not care about the well being of citizens.

Many people are reacting to this tweet of Mr Omokri. Below are the reactions Mr Omokri got after tweeting this.