Tag: pump price

There’s no plan to increase pump price of petrol — NNPCL

Emporium Reporters

The Nigerian National Petroleum Company Limited—NNPCL has said that there is no plan to increase the pump price of Premium Motor Spirit—PMS. The clarification is coming after it was reported in some section of the media that petrol price could be sold for N750 following the increase in dollar rate. Also, organized labour unions threatened indefinite strike action over the rumoured increase. But NNPCL in a short statement posted on its X (Twitter) official handle yesterday night, said it had no intention to increase the pump price of petrol. It…

BREAKING: FG set to reverse pump price to N160 per litre after meeting with labour leaders

Emporium Reporters

The pressure by organised Labour on the Federal Government to reverse the pump price of Premium Motor Spirit (PMS) back to N160 per litre seems to be yielding fruits. At the end of the resumed negotiations between government and the labour movement yesterday night, the Federal Government indicated willingness to consult widely with the view to reviewing the price downward, saying it might unveil the new price at the resumed meeting slated for December 7. The Federal Government said the period between now and then would allow it embark on…