Global News

Federal Government denies fixing new N162 Per Litre of Petrol Pump Price

Federal Government denies fixing new N162 Per Litre of Petrol Pump Price (Updated: Tuesday, 15th December 2020, 01:38 PM)


The Federal Government has said it has now taken a back seat in the issue of petrol pricing in the country.

Minister of Labour and Employment, Senator Chris Ngige, made this known while speaking at the Old Banquet Hall, Presidential Villa Abuja while inaugurating the bipartite plus technical committee on Premium Motor Spirit, PMS, pricing framework on Monday.

A statement from Ngige’s media office, quoted him as saying that the government did not fix the new PMS pump price that took off in the country on Monday.

According to him, the new N162.44k fuel price was arrived at from the commercials like demurrage, transshipment and storage.

“Make no mistake about it. Government has taken the backseat. Government did not fix the price that took off from today.

“It was a price reduction gotten from the commercials like demurrage, transshipment and storage.

“This Committee is expected to do more to enthrone transparency in the area,” Ngige said.

Recall that at the last bipartite meeting between the Federal Government and organised labour, represented by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), held on December 7, 2020, an agreement was reached to lower the PMS pump price by N5, with effect from today, Monday, December 14, 2020.

Add a coment

Recent Posts

AKA
AKA
OlaDips
OlaDips
Akon
Akon
Mascara Vibez
Mascara Vibez
Di’ja
Di’ja
Philkeyz
Philkeyz
Toby Grey
Toby Grey
DJ Thunerdex
DJ Thunerdex
Terry Apala
Terry Apala
Drizz Ace
Drizz Ace
Young Jonn
Young Jonn
Cardi B
Cardi B
Kabex
Kabex
Rexxie
Rexxie
Bisa Kdei
Bisa Kdei
JamoPyper
JamoPyper
Boy Spyce
Boy Spyce
Cynthia...
Cynthia...
Runtown
Runtown
Wale
Wale
Otega
Otega
L.A.X
L.A.X
BlaqBonez
BlaqBonez
Laycon
Laycon
Ric Hassani
Ric Hassani
OmoAkin
OmoAkin
BlackMagic
BlackMagic
D’Banj
D’Banj
Ibraah
Ibraah
CDQ
CDQ
DJ Switch
DJ Switch
DJ Kaywise
DJ Kaywise
Olamide
Olamide
Junior Boy
Junior Boy
Jhybo
Jhybo
King Perry
King Perry
Skepta
Skepta
Kizz Daniel
Kizz Daniel
Hotkid
Hotkid
Efe
Efe
NAIJAKIT.COM

Trending Posts