Reports on Tuesday had quoted oil marketers as saying that the scarcity of forex might push the price if petrol beyond the he current N145 level .
Baru told State House reporters after meeting with President Muhammadu Buhari that no such plans are afoot .
“ I have not been directed to increase pump price, even the other price was based on recommendation from the regulated body , ” he said .
“ I ’ m not aware that they are planning to do any increase ; you know there are several factors that necessitated that especially the issue of exchange rate that has moved and we don ’ t expect any serious changes.
“ So far the request for forex for importation of gasoline popularly called petrol has been met , and our own supply situation is robust, we are meeting demands . We have over 1 . 4 billion litres on ground .
“ So I don ’ t see any basis for increase . However , the review could be done by the right body , you should contact PPPRA; that is the regulatory body as far as petrol pricing is concern ” he said
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