Fuel Price Archives - Page 4 of 5

FG denies hike in petrol price

January 21, 2023January 21, 2023 Aminu Imam

The Federal Government has denied any increase in the price of Premium Motor Spirit, popularly called petrol, despite the hike in the cost of the commodity across the country. The Minister of State for Petroleum Resources, Timipre Sylva, in an issued statement in Abuja yesterday by his media aide, Horatius Egua, said President Muhammadu Buhari had not approved any price increase for PMS. He was quoted as saying, �There is no reason for President Buhari to renege on his earlier promise not to approve any increase in the price of…

Fuel: “We can�t maintain N170 pump price of petrol” � NNPCL GMD, Kyari says

December 11, 2022December 11, 2022 Aminu Imam

The Group Managing Director, Nigerian National Petroleum Company Limited, NNPCL, (formerly Nigerian National Petroleum Corporation), Mele Kyari, has lamented that the NNPCL can no longer maintain the current official pump price of N170 per litre for Premium Motor Spirit, popularly called petrol or fuel. Kyari, while speaking at the Legislative Transparency and Accountability Summit, organised by the House of Representatives Committee on Anti-Corruption in Abuja, stated that the landing cost of fuel was thrice the amount. �It is not possible for you to buy fuel at N170 when your actual…

NLC, TUC demand FG�s immediate action against N240 fuel price hike

December 3, 2022December 3, 2022 Aminu Imam

…Says new price is pain-inducing The leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria, (TUC), has called on the Federal government to responsively take immediate action to reverse the current hiked price of fuel at N240. NLC and TUC further described the current price hike of fuel as unnecessary, crippling and pain-inducing to Nigerians, whom they said are already suffering beyond measure because of unfavourable government policies. According to an issued press statement, jointly signed by NLC and TUC Presidents, Comrade Ayuba Wabba and Comrade…

“New NNPC will sell fuel at price dictated by FG” -�Kyari assures

July 21, 2022July 21, 2022 Aminu Imam

The Nigerian National Petroleum Company (NNPC) Ltd says it will do business at the price dictated by the federal government and promised to publicly declare its asset base soon. According to its CEO Mele Kyari, by the middle of 2023, NNPC would have systems, processes, lines of profitability and accountability to stakeholders. On subsidy, he said the NNPC Limited had no issue with it, rather it would be an issue of the state. �Whatever is the decision and policy of the state, the NNPC is there to deliver commercial value…

Aviation Fuel’s High Cost: ‘Airline operations may shut down in 3 days’ � Air Peace Chairman

March 15, 2022March 15, 2022 Aminu Imam

Airline operators have threatened to, in the next 72 hours, shut down the Federal Government except itresolves the high cost of aviation fuel. Vice-President of the Airline Operators of Nigeria (AON), Chief Allen Onyeama, stated this at the resumed meeting between the operators, oil marketers, the regulators and leadership of the House of Representatives. According to him, airline operators cannot continue to sustain the current price of the product. Onyeama, who said the operators were not threatening the country, added: �If it (cost of aviation fuel) doesn’t come down from…

Planned electricity price, fuel hike: A decade after, ‘Occupy Nigeria’ protest set to return

December 28, 2021December 28, 2021 Aminu Imam

An amalgam of civil society groups and political actors have vowed to shut down Nigeria again, as they did nearly ten years ago if the Federal Government goes ahead with its plan to increase fuel and electricity prices in 2022. Recall that in 2012, forces opposed to a fuel price hike by the administration of President Goodluck Jonathan shut the country down for almost two weeks, in an operation codenamed: �Occupy Nigeria.� Leaders of the then protests which crippled the country, as opposition elements, are now senior operatives in the…

Subsidy: NLC berates FG�s fuel importation policy

December 17, 2021December 17, 2021 Aminu Imam

�Reiterates readiness to ground economic activities if.. The Nigeria Labour Congress (NLC), on Wednesday, criticised the Federal Government policy on fuel importation, reiterating its readiness to shut down economic activities in the country should the APC-led government insist on increasing the price of PMS without due consideration. NLC also called on the Federal Ministry of Health to ensure that the amount agreed on the consolidated health salary structure is captured in the 2022 budget to avoid another round of industrial action in the health sector next year. President of NLC,…

Planned Fuel Price Hike: Northern groups issue ultimatum to Buhari

December 13, 2021December 13, 2021 Aminu Imam

�Demands FG to rescind decision within 28 days or face mass action�Insists FG, Govs. have failed Nigerians The Coalition of Northern Groups, (CNG), North-Central zone, and the student’s wing of the North-Central Youth Association, as well as other civil society groups, have issued a 28-day ultimatum to President Muhammadu Buhari warning him not to attempt the Government’s planned increase in the prices of petroleum products warning that there would be dire consequences, while describing the Federal and State governments as ‘failures’. The groups issued the warning at the weekend, after…

Fuel Price: NLC vows to shut down economic activities

December 8, 2021December 8, 2021 Aminu Imam

�Begins mobilisation Following the news of the Federal Government�s plan to increase fuel pump price to N340, the Nigeria Labour Congress, (NLC), has vowed to ground economic activities across the country, adding that it has started mobilisation of its members for the showdown. Recall that the Federal Government recently announced its readiness to withdraw subsidies on petroleum products as from next year, saying that the burden of the subsidy was too heavy to bear. The NLC President, Comrade Ayuba Wabba, who disclosed this during the opening ceremony of 17th NLC…

‘Fuel price increment will compound hardship of Nigerians’ ? Northern Elders Forum

November 30, 2021November 30, 2021 Aminu Imam

�Cautions against profiling of bandits as terrorists�Warns against release of Nnamdi Kanu The Northern Elders Forum, (NEF), has said that the planned increase of fuel price will compound the already desperate condition of living of most Nigerians. This is contained in a statement issued by the NEF’s Director, Publicity, and Advocacy, Dr. Hakeem Baba-Ahmed. This is just as the Forum drew the attention of the Government to the hardship under which the vast majority of Nigerians live. The statement said, amongst others, that �the Forum invites attention to the hardship…