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Labour silent as Buhari, govs discuss fuel price Thursday

Punch Newspapers Sections Adelani Adepegba, Abuja The President, Major-General Muhammadu Buhari (retd.), and the state governors will discuss the issue of fuel pricing Thursday. The Minister of Labour and Employment, Senator Chris Ngige, disclosed this Sunday night after a bipartite meeting of the Federal Government and the organised labour at the Banquet Hall of the Presidential Villa, Abuja. Briefing journalists on their resolutions, Ngige said the labour had investigated the report of the Technical Committee on Premium Motor Spirit Pricing Framework as agreed at the last meeting and made their submissions alongside the Nigerian National Petroleum Corporation. The minister said, “The labour side saw that they (NNPC) were making some points and like I said, it is work in progress. Governors are going to discuss this on Thursday.

Fuel price/Electricity tariff: There is no money for subsidy — Ngige

…Says Govs to decide finally Thursday The Minister of Labour and Employment, Senator Chris Ngige has announced that there is no money for subsidy of Premium Motor Spirit (PMS) by the Federal Government and advised labour officials to wait for the final decision of 36 states Governors on Thursday.This follows increase in the international price of crude oil above $60 per barrel. The PMS is a white product being obtained after refining of crude oil. The price of PMS was deregulated in March 2020 when the price of crude oil dropped below $40 per barrel in the international market. The leadership of Labour unions represented by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) had engaged the Federal Government for reduction in price of PMS being dispensed at filling stations between N170 and N175 per litre..

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