Nupeng Kicks Against Increase In Petrol Pump Price

BEVERLY HILLS, November 08, (THEWILL) – The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has advised the Federal Government not succumb to pressure from some groups to increase the pump price of petrol.

Tokunbo Korodo, the South-West Chairman of the union, gave the advice in an interview with the News Agency of Nigeria on Tuesday in Lagos.

Korodo said that there was pressure on the government to increase the pump price of petrol from some groups declaring that any increase in the price of petrol at this time would be resisted by the labour unions.

He urged government to fix the economic challenges by selling off its unviable assets, adding that the masses were going through rough times and any adjustment of the pump price will give the current administration a bad name.

Meanwhile, Garba Deen Muhammad, Group General Manager, Public Affairs Division of NNPC, has debunked rumours of plan to increase the pump price of petrol saying the corporation was not empowered to increase prices of fuel.

According to him, the price adjustment in its downstream facilities from N141 to N145 per litre is still within the price band of N135 and N145 per litre approved on May 11, 2016, by the Petroleum Products Pricing Regulatory Agency, PPPRA, the statutory body in charge of petroleum products pricing.

“The NNPC assures marketers and motorists of its readiness to continue to play its statutory role of being the supplier of last resort and ensuring energy security for the nation,” he noted.

Muhammad further stated that the NNPC has over 1.6 billion litres of PMS in-country that would last 45 days consumption.

Story by Oputah David