Headline
BREAKING: FG Reduces Price Of Petrol
FG has reduced price of petrol.
OnyxNews Nigeria reports that the Federal Government of Nigeria, led by President Muhammadu Buhari, has cut down the pump price of premium motor spirit otherwise know as petrol from N168 per litre to N162.44 per litre effective from December 14, 2020.
This online news platform understands that Chris Ngige, Minister of Labour and Employment, disclosed this to journalists at the end of a meeting with labour leaders which began at 9pm on Monday and ended at 1:30am on Tuesday, December 8.
FG reduces price of petrol
The product presently sells at N168, following the decision of the Petroleum Products Marketing Company, a subsidiary of the Federal Government – owned Nigerian National Petroleum Corporation to raise the ex-depot price of petrol from N147.67 per litre to N155.17 per litre in November.
The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.
Ngige said a technical committee has been set up by the larger house to ensure price stability in the industry.
The minister said that the committee, which will report back to the lager house on the 25 of January 2021, will be appraising the market forces and every other thing that will make for stability in the industry.
Nigeria Tops African Deportations as U.S. Ramps Up ICE Enforcement
Enugu’s Akanu Ibiam Airport to Reopen Monday Following Emergency Runway Fixes
House Reps Pledge to Address UTME Logistical Challenges
Friday Night Disaster: Windstorm Leaves Trail of Destruction in Nasarawa
EFCC Criticizes $18,000 Mentorship Scheme by Motivational Speaker Amid Public Debate
Ex-Deputy Speaker Stanley-Uwom Sues to Halt Funding of Rivers LGs Under Sole Administrator Ibas
MTN Announces Cyber Attack, Assures Customers Swift Operation
Senate President Akpabio to Represent Nigeria at Pope Francis’ Funeral in Vatican
PDP Insider Segun Adewale Endorses Atiku Abubakar, Criticizes Party Factions
Atedo Peterside Challenges Rivers Sole Administrator Over Appointments
-
Headline6 days agoBREAKING: Pope Francis is dead
-
Headline1 week agoPeter Mbah Pledges to Immortalise Christian Chukwu, Comforts Grieving Family
-
Headline1 week agoTrump Administration Eyes Major Embassy Closures in Africa
-
Headline1 week agoPolice Identify Officers in Viral Video Taking Cash from Chinese, Launch Disciplinary Measures
-
Headline6 days agoBREAKING: NASS Postpones Resumption Date, Announces New Date
-
Headline1 week agoLagos Taskforce Cracks Down on Drug Peddling in Gowon Estate and Egbeda
-
Headline5 days agoLawal: Buhari’s Support Not Required — CPC Loyalists Poised Against Tinubu
-
Headline6 days agoLagos Hotelier Passes Away During Wife’s 60th Birthday Thanksgiving Service
-
Headline6 days agoBREAKING: Vatican Mourns as Pope Francis Passes Away at 88
-
Headline6 days agoJUST IN: China Bans US Congress Members, Officials, NGO Leaders