Fuel Pump price to start selling for N162 from Dec. 14

0
Labour Minister Accuses ASUU Of Blackmail
Labour Minister Accuses ASUU Of Blackmail

The Federal Government has agreed to slash the pump price of Premium Motor Spirit (PMS), known as petrol, by N5 from Monday next week.

Sen. Chris Ngige, Minister of Labour and Employment, disclosed this while addressing newsmen at the end of a closed door meeting with the organised labour on Tuesday in Abuja.

The News Agency of Nigeria (NAN) reports that the meeting was necessitated by the increase of PMS from N160 per litre to N170 and the increase of electricity tariff.

READ ALSO:   Unilag senior lecturer caught demanding sex for mark from female student

Ngige said that new price of petrol template would come into effect from Monday next week.

“Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC) which is the major importer and marketers of petroleum product and customers have agreed that there will be a slide down of the pump price of PMS.

“The price cut will get us about N5 per litre and that the price cut will take effect from next Monday, a week from today,” he said.

READ ALSO:   Covid-19: Anambra Workers Heed Work From Home Order

He noted that the price reduction was not meant to suspend deregulation as it did not affect the price of crude oil.

He, however, said that the NNPC as the main importer has agreed that it would cut cost like freight cost and demurrage.

The minister noted that the new price slash was a product of a joint committee of NNPC and labour representatives who look into ways of cutting costs.

READ ALSO:   Finally woman involved in series of deliverance speaks out, says she wasn't paid by anyone

Ngige also said that government and labour have agreed to wait until the next meeting on Jan. 25, 2021 on the aspect of electricity tariffs.

He added that this is to enable the special committee dealing with complaints to conclude their deliberations.

Mr Ayuba Wabba, President, Nigeria Labour Congress (NLC) said the meeting was fruitful.

Wabba said that the Federal Government has agreed to a reduction in the price of petrol.


Disclaimer: infonte9ja.com shall not be liable to Opinions, Articles or Features that doesn't emanate from any of its staff and management. We also wish to reiterate that such personal or sponsored opinion, article or feature does not reflect the views of the publishers of infonet9ja.com, but the writer's
For publication of your news content, articles, videos or any other news worthy materials, please send to infonetnews9ja@gmail.com | For Advert and other info, you can call 09061217047 or send a WhatsApp Message to 09061217047

(NAN)


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.