The Nigerian National Petroleum Corporation, NNPC, yesterday, denied any plan to further hike the price of Premium Motor Spirit, PMS, also known as petrol, stating that current realities on ground didn’t support any increase. Addressing newsmen in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Mr. Muhammad Garba-Deen, said there was absolutely no plan by the Federal […]
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NLC THREATENS STRIKE IF GOVERNMENT INCREASES FUEL PRICES
The organised labour has threatened to call out its members for a strike should the federal government go ahead to increase pump prices of petroleum products. According to the NLC President, Ayuba Wabba, such action will worsen the suffering workers are experiencing from the negative impact of a similar upward review of petroleum products prices carried out last year. He […]
Continue reading »FUEL AT N145/LITRE NO LONGER SUSTAINABLE – NNPC
Former and present Group Managing Directors of the Nigerian National Petroleum Corporation have expressed fears that the current pump price of N145 per litre is no longer feasible. They said the amount does not correspond with the price-determining components of the commodity and the fluctuations of the foreign exchange rate. They stated this after a one-day meeting they held with […]
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