President Muhammadu Buhari on Tuesday promised Nigerians that there would be no increase in the pump price of petrol.
Speaking to a joint session of the National Assembly on Tuesday during the presentation of the 2016 budget, President Buhari said the price would remain at N87 “for now”.
He added: “Indeed tough decisions must be made but this does not mean that we would increase the level of pains being felt by Nigerians”.
He apologised to Nigerians for the lingering fuel scarcity, describing it as the “unfortunate result of speculators and resistance to change”.
There have been fears that the government may remove fuel subsidy in 2016.