President Bola Tinubu has assured Nigerians that there will be no further increase in the pump price of petrol, despite the deregulation of the product.
The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, made this known in Abuja while briefing journalists after he had a closed-door meeting with the president.
Tinubu also acknowledged that there are inefficiencies within the downstream sector that are contributing to the fuel price controversy.
He assured that all loopholes associated with the smooth delivery of petroleum products in the country will be addressed without delay.
Since 29 May when Tinubu was inaugurated as president, during which he announced the removal of subsidy on petrol, the pump price has tripled: from about N200 to about N600.
This has led to increases in the prices of goods and services and has worsened the economic situation of millions of Nigerians.