NIGERIA (Abuja) - Federal Government has revealed that there was no plan to increase the price of petrol in the country.

This was disclosed by the Permanent Secretary, Federal Ministry of Petroleum Resources, Danladi Kifasi, in Abuja on Thursday.

He emphasised that government has no plans to increase the pump price of Premium Motor Spirit, PMS, from the prevailing price of N97 per litre, while urging marketers to desist from hoarding fuel.

“We would like to appeal to Oil Marketers to refrain from the hoarding of petroleum products and the general public from panic buying in anticipation of any increase in pump price.

“It is equally important to state that neither the Federal Ministry of Petroleum Resources nor any of its parastatal is under any instruction to activate a new pump price regime as being speculated,” he said.

Mr. Kifasi further revealed that any erring petrol marketer has been directed to be dealt with by the Department of Petroleum Resources (DPR) and the Economic and Financial Crimes Commission (EFCC).

“The relevant agencies of government including the Department of Petroleum Resources (DPR) and the Economic and Financial Crimes Commission (EFCC) have been directed to deal with offenders,” he said.

He assured that the government had made enough arrangements to ensure that the entire nation remains `wet` with petroleum products round the clock in 2014 just as it has been the practice in the last three years.