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.
Portable has praised his fellow musician Burna Boy, also known as Ebunoluwa Damini Ogulu. The singer declared Burna Boy as… Read More
Nigerian singer Wizkid has been involved in a heated altercation with a passerby. A controversial social media video shows Wizkid,… Read More
The Nigerian Correctional Service (NCS) has denied reports that inmate Ayomide Adeleye, who confessed to killing a Lagos State University… Read More
Nollywood actress Sola Kosoko Abina has requested prayers from her fans as she celebrates her 45th birthday today. Nollywood actress… Read More
British-Nigerian designer Liz Sanya gained attention after revealing that she has created the largest sandal in the world. She worked… Read More
Peter Obi, a former Labour Party presidential candidate, has expressed concerns about potential threats to his safety and that of… Read More
This website uses cookies.