The Federal Government has said it has now taken a back seat in the issue of petrol pricing in the country.
Minister of Labour and Employment, Senator Chris Ngige, made
this known while speaking at the Old Banquet Hall, Presidential Villa Abuja
while inaugurating the bipartite plus technical committee on Premium Motor
Spirit, PMS, pricing framework on Monday.
A statement from Ngige’s media office, quoted him as saying
that the government did not fix the new PMS pump price that took off in the
country on Monday.
According to him, the new N162.44k fuel price was arrived at
from the commercials like demurrage, transshipment and storage.
“Make no mistake about it. Government has taken the
backseat. Government did not fix the price that took off from today.
“It was a price reduction gotten from the commercials like
demurrage, transshipment and storage.
“This Committee is expected to do more to enthrone
transparency in the area,” Ngige said.
Recall that at the last bipartite meeting between the
Federal Government and organised labour, represented by the Nigeria Labour
Congress (NLC) and Trade Union Congress (TUC), held on December 7, 2020, an
agreement was reached to lower the PMS pump price by N5, with effect from
today, Monday, December 14, 2020.
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