The position by the forum of Former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC for an upward review of petrol price may have come at a wrong time.
Diverse reactions have greeted the outcome of the news and many see it as ill timed for the already struggling populace .
The federal government says it will not increase the pump price of petrol despite a demand that it should do so.
The forum of Former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, called for a removal of price cap in the pricing template.
Products Pricing Regulatory Agency, PPRA, however, said that it will not accept the advice.to increase the petroleum pump price.
Independent Oil Marketers had demanded for the increase because of the high exchange rate. The cost of importing the product, according to them increases on a daily basis.