FG asks for one week to review petrol price

The Federal Government has requested for a week break from a meeting with organised labour to review the new petrol price increase.

The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari who attended the meeting on Thursday, November 26, stated that the cooperation cannot unilaterally announce a reversal of the new price without consultation.

Both the labour and government team led by the Secretary to the Government of the Federation, SGF, Boss Mustapha then agreed that the meeting should be adjourned to December 7.

Speaking at the end of the meeting, Minister of Labour and Employment, Chris Ngige said;

“By Monday, December 7, we will come back, because the message from the organised labour is clear. They want a reversal of the pump price to what it was. So, the government side will take it back to our principals. Even though the government is not fixing the price of premium motor spirit (PMS) anymore because it is deregulated, it is part of the economy. So, the government side will consult anybody that needs to be consulted. We will consult the President as the Minister of Petroleum and then, the Economic Management team because funds are involved.”

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