Others include petrol retailers, independent marketers and the Pipelines Products Marketing Company (PPMC) that had approved the new template.
“The inauguration is sequel to the outcome of series of bipartite meetings between the Federal Government and the Organised Labour represented by Nigeria Labour Congress (NLC) and Trade Unions Congress (TUC).
“The meeting is to fashion out a mechanism and framework to monitor and stabilise PMS pump price.
“You will recall that the last bipartite meeting held on December 7, agreed to lower the PMS pump price by N5 with effect from Monday, Dec. 14.
“This is aimed at bringing relief to the Nigerians. In effect, the pump price is now N162.44k per litre with effect from today, Dec. 14,” he said.
FG inaugurates Technical Committee to monitor, stabilise pump price
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
FG inaugurates Technical Committee to monitor, stabilise pump price -
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
Punch Newspapers
Sections
Adelani Adepegba, Abuja
The Federal Government has inaugurated the ‘Bipartite Plus Committee’ on technical framework on the pricing of Premium Motor Spirit popularly known as petrol.
This is happening as the new price regime for PMS announced last week by the government, officially took off on Monday.
The inauguration was sequel to the outcome of a series of bipartite meetings between the Federal Government and the Organized Labour represented by the Nigeria Labour Congress and the Trade Unions Congress to fashion out a framework to monitor and stabilise the petrol pump price.
The parley had agreed on December 8 to reduce the fuel pump price by N5 from N168 to N162.44 per litre with effect from December 14.