Tinubu Finally Shares When Fuel Will Be Available, Talks on New Price, Video Emerges

• President Bola Tinubu has told Nigerians to remain calm and that petrol will be available at the market by the weekend
• Tinubu spoke through the minister of state for petroleum resources, Heineken Lokpobiri, adding that the government would not regulate the price
• Lokpobiri maintained that the price of the commodity will be determined by market forces once the commodity is available

President Bola Tinubu's minister of state for petroleum resources, Heineken Lokpobiri, has disclosed that the current fuel scarcity across the country will be over by the weekend, adding that the government is not fixing the price of the commodity.

According to Lokpobiri, the president is deeply concerned about the hardship Nigerians are facing due to the current fuel situation. To address this, a meeting was held with Vice President Kashim Shettima to discuss the issue.

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The minister adds that the government wants to reassure the public that there is sufficient fuel supply in the country. Products are expected to be available nationwide by the weekend.

Lokpobiri states that prices may vary in different regions. According to him, the government believes that once distribution stabilises, prices will be regulated naturally.

FG withdraws from fixing petrol price

He stressed that it's important to note that the government is not fixing prices, as the sector is deregulated.

His statement reads in part:

"There is no need for panic buying, as supply is adequate. Our primary message to Nigerians is that we are working hard to ensure that the situation normalizes quickly, and prices will stabilize as product availability improves."

Nigerians have been experiencing a scarcity of fuel following the sudden increase in the price of the commodity across the country. Nigerians faced a sudden increase in fuel prices on Tuesday, September 3. Pump prices rose from around ₦600 to ₦1,200, depending on the location.

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See the video of his interview here:

Fuel crisis: List of states protests have happened

Legit.ng earlier reported that President Bola Tinubu's administration may be due to experience a nationwide protest following the sudden increase in the price of fuel.

Some Nigerians have taken to the streets to register their displeasure about the new increase in fuel prices across the country.

Protests have emerged in some states following the adjustment of the commodity's pump price to an all-time high ₦1,200 in the affected area.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng