petroleum

Tokunbo Korodo, the South-West Chairman of the union disclosed this in Lagos, Nigeria’s economic hub on Wednesday.

petroleumAccording to him, it is too early to make any official statement until the two bodies meet to deliberate on the matter between May 12 and 13.

He said the meeting would discuss the new development and come out with a stance on the matter.

The Nigerian government on May 11, announced a new price regime for petrol with the highest price of 145 naira per liter.

The Petroleum Products Pricing Regulatory Agency said in Abuja that the new price regime had taken effect from May 11.

Meanwhile, Abubakar Maigandi, the Vice President, Independent Marketers Association of Nigeria, has commended the government on the new pump price of petrol.

Maigandi told reporters that the decision would help to put to an end the persistent petrol scarcity in the country.

He assured that the products would be available with this development, adding that the association was ready to continue to support government’s effort.

On its part, the Nigeria Labor Congress said it will resist the increase in the price of Premium Motor Spirit, announced by the government on Wednesday. The labor described the increase as insensitive. Enditem

Source: Xinhua

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