Addressing reporters in Lagos after assessment of the fuel situation, he said, “We are certainly not expecting to increase oil (fuel ) prices at all; the government has absolutely no intention of increasing fuel prices and that’s it.”
He said the present administration was working round the clock to end the fuel crisis as soon as possible.
Osinbajo identified one of the reasons behind the disruptions in fuel distribution at the end of the year to what he called the winter phenomenon.
He said, “So clearly, what has happened here is that on account of some of the short deliveries that we have experienced, panic buying and hoardings in different places started.
“So, those are largely the issues. So we are also trying to ensure that these sorts of disruptions won’t happen in the future and that’s one of the reasons why we are spending a bit of time to look at some of the issues.”