Timipre Sylva, Minister of State for Petroleum, has promised that the price of premium motor spirit, also known as gasoline, will not be raised in June.

“The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded,” the Minister said in a press statement issued on Friday in Abuja.

“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 would like to strongly urge petroleum products, marketers, not to engage in any activity that could jeopardize the seamless supply and distribution system in place.

“I also urge 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,” he added.