President Muhammadu Buhari on Tuesday apologised to Nigerians over the continued fuel scarcity being experienced across the country, blaming the long queues that have returned to fuel stations on the activities of speculators and those resistant to change.

Buhari further promised Nigerians that there would be no increase in the pump price of petrol.

He made the pledge following fears by Nigerians that the Federal Government may scrap fuel subsidy which will result in an increase in the cost of the premium motor spirit, popularly called petrol.

Buhari, while addressing a joint session of the National Assembly during the presentation of the 2016 budget of N6.08 trillion, said the pump price of petrol will remain at N87 “for now”.

“Indeed tough decisions must be made but this does not mean that we would increase the level of pains being felt by Nigerians,” he added.