Tag: Petrol Price

Why we haven’t protested against increase in petrol price, electricity tariff – NLC

Ishaku Yohanna

The Nigeria Labour Congress (NLC) has explained its reason for not organising protests against the increase in pump price of petrol and the new electricity tariff. The Petroleum Products Pricing Regulatory Agency (PPPRA) had announced an increase in the price of premium motor spirit, better known as petrol. The Nigerian Electricity Regulatory Commission (NERC) also increased electricity tariff from N30.23 to N62.33 per kwh. Speaking with NAN in Lagos on Saturday, Ayuba Wabba, NLC president, said the organised labour will soon come out with a position on the price adjustment.…

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Petrol: FG officially begins full deregulation, as PPPRA jettison price bands

Ishaku Yohanna

…Says price to be determined by forces of demand and supply The Muhammadu Buhari-led Federal Government is no more going to be releasing guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations. It disclosed this in Abuja through the Petroleum Products Pricing Regulatory Agency, adding that based on this, the downstream arm of the oil and gas sector had been fully deregulated. Responding to questions from journalists during a briefing at the headquarters of PPPRA, the agency’s Executive Secretary, Abdulkadir Saidu, stated that…

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Despite increase, petrol price in Nigeria remains among the cheapest, says FG

Ishaku Yohanna

During a press conference in Abuja, the Minister of Information and Culture, Lai Mohammed, declared that despite the recent hike in the price of Premium Motor Spirit to N162 per litre, the price of the commodity in Nigeria remains among the cheapest in Africa. Mohammed was joined at the briefing by the Minister of Power, Sale Mamman; and the Minister of State for Petroleum Resources, Timipre Sylva. The minister said, “In spite of the recent increase in the price of fuel to N162 per litre, petrol prices in Nigeria remain…

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NANS begins mobilisation for showdown with FG over electricity, fuel hikes

Ishaku Yohanna

The National Association of Nigerian Students, NANS, said on Sunday that it has begun mobilisation of members for a possible showdown with the federal government. The action, according to the students’ body, was aimed at forcing the government to rescind its decision on the increment. NANS said it had begun mobilisation of its members, saying a high-level consultation with relevant pro-people organisations and bodies for a major showdown with the government was ongoing. While insisting that government must reverse its decision on the many increments introduced recently on essential services,…

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PMB and the proper pricing of petrol

Ishaku Yohanna

By Bala Ibrahim The Federal Government has increased the pump price of petrol from N148 to N151.56 per litre, and some people are calling for hell to come loose, or the President should resign because of what they called, deceit. I don’t know who is deceiving who.kuh hupfburg Is it the cynics that are acting with selfish sentiments, or the President, that is being propelled by patriotism? Except for those of us that have elected to be mentally lazy, the answer to the problem is boldly displayed on the global…

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Just a little more Nigeria’ll explode, organised labour warns

Ishaku Yohanna

With the recent increase in the pump price of fuel, the organised labour has warned that it takes something very little for explosion actually to occur, saying that Nigerians are, today, living on the edge, under the President Muhammadu Buhari government. Organised labour gave this warning even as the “Buhari government are taking Nigerians for a ride” as prices of goods and services have gone up, especially that of transportation, saying, “it is like adding salt to injury.” “Clearly speaking, we can say that many Nigerians are today living on…

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CNG to FG: Suspend electricity tariff hike, petrol price increase, or face nationwide protest

Ishaku Yohanna

The Coalition of Northern Groups (CNG) has asked the federal government to “immediately suspend” the recent increase in pump price of petrol and electricity tariff or face a nationwide protest. Addressing a news conference in Kaduna on Friday, Abdul-Azeez Suleiman, spokesman of the group, said the coalition would mobilise its members for a mass protest if the federal government fails to revert to the old pump price of fuel. Suleiman said, “That the administration’s audacious impunity climaxed with hikes in fuel pump prices from an initial N87 to N151.50k per…

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