The Nigerian National Petroleum Corporation (NNPC) may increase fuel price after talks with Organized Labour. However, NNPC said for now, there was no plan to increase the official pump price from N162 in July. Group Managing Director (GMD) of NNPC, Malam Mele Kyari stated this on Tuesday during a programme on Channels Television.
He, however, noted that engagements were still ongoing with the Organised Labour to arrive at the appropriate price of the petroleum product, stating that until both parties arrive at a conclusion, the current price remains.
According to him, President Muhammadu Buhari instructed the corporation not to make petrol price out of reach of Nigerians, “especially at this moment”. “What this means, however, is that we are taking out cash that could have been used for other things to pay under-recovery”, he said. He revealed that Dangote refinery being constructed in Lagos State would commence operation this year.
The 2025 Coachella Valley Music and Arts Festival has announced its lineup, featuring over 100 artists at the Empire Polo… Read More
Kizz Daniel and Ubi Franklin have reportedly reconciled, ending their six-year feud. In 2018, Kizz Daniel and Ubi Franklin fought… Read More
Afeez Owo has recently acquired a new vehicle. The actor posted a video on his Instagram page featuring his new… Read More
Wumi Toriola is celebrating as her film, Queen Lateefah, has made three hundred and fifty million naira in just two… Read More
Hailey Adeleke spoke up to celebrate her father's 32nd birthday. Many people, including his uncle Ademola Adeleke, the governor of… Read More
Denzel Washington has revealed his 15-year fight with alcohol. The star explained that his wine drinking began quietly but increased… Read More
This website uses cookies.