Tag: Pump Price

“N145 Per Litre Is No Longer Sustainable”- NNPC Considers Increase In Petrol Pump Price

Former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, weekend, called for an upward review of the price of Premium Motor Spirit, also known as petrol, stating that the present price cap of N145 per litre is not in line with current economic realities. According to a statement[Read More…]

APC Assures That The New PMS Price Would Crash In 3 Months

The All Progressives Congress, APC has lent its voice to the federal government’s removal of fuel subsidy, saying, the pump price of fuel would crash within the next three months. APC said, like the Global System of Mobile telecommunication, GSM, the price of fuel is bound to reduce soon as[Read More…]

“It Will Worsen The Poverty Level of Nigerians” – Balarabe Musa Rejects N145 New Petrol Price

Former governor of Kaduna state, Alhaji Balarabe Musa, has urged the Federal Government to reverse the N145 new petrol pump price introduced on Wednesday. Musa, who is also a national leader of the Peoples Redemption Party (PRP), made the appeal in an interview with the News Agency of Nigeria (NAN)[Read More…]

‘Pump Price Increase Is The “Most Cruel In History” ‘- NLC Threaten Showdown Over Petrol Price

The Nigeria Labour Congress (NLC) has advised the federal government to revert the pump price of petrol to what it was or be ready for a showdown. Peter Ozo-Eson, secretary-general of the union, said the increase is the “most cruel in history”, vowing that labour would do all within its[Read More…]

Government Working On Petroleum Pump Price Reduction — Says VP Osinbajo

Vice-President, Yemi Osinbajo has revealed that the Muhammadu Buhari administration is working on a medium-term reduction of the pump price of petroleum products. The professor of law said the government was working on ensuring that private refineries work, while reducing importation of refined petroleum. “We are unbundling the NNPC so[Read More…]

NNPC Describes Rumours Of Imminent Increase In Pump Price Of Petrol As False

NAN The Nigerian National Petroleum Corporation (NNPC) on Wednesday described as false, rumours of an imminent increase in the pump price of Premium Motor Spirit (PMS) otherwise called petrol. This is contained in a statement issued in Abuja by Dr Omar Farouk Ibrahim, the Acting Group General Manager, Group Public[Read More…]