Tag Archives: Fuel price hike

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to direct the Nigerian National Petroleum Company Limited (NNPCL) to reverse the apparently unlawful increase in the pump price of petrol, and to probe the allegations of corruption and mismanagement in the NNPCL.” Joined in the suit as Respondents are the Attorney General ...

The Group General Manager, Nigerian National Petroleum Corporation, Mele Kyari, on Thursday said the Federal Government subsidises Premium Motor Spirit with about N120bn ($263.25m) monthly. He said while the actual cost of importation and handling charges amounts to N234 per litre the government had been selling at N162 per litre therefore bearing the difference. Kyari spoke at the weekly ministerial ...

The Petroleum Products Pricing Regulatory Agency has revealed in a new monthly template that the price of Premium Motor Spirit, also known as petrol, has reached N212.6 per litre. According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers ...

The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling stations amid heightened expectations of an increase in the pump price of the product. The Minister of State for Petroleum Resources, Chief Timipre Sylva, had on February 9 said Nigerians should prepare for the pain associated with the increase in ...

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre. The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali. The memo, a copy of ...

Socio-Economic Rights and Accountability Project (SERAP) and 302 concerned Nigerians have filed a lawsuit against President Muhammadu Buhari and the leadership of the National Assembly, asking the court to “declare illegal, unconstitutional and unfair the recent hike in electricity tariff and fuel price because top level public officers cannot continue to receive the same salaries and allowances and spend public ...

The labour movement is set to commence strike and nationwide protest across the country from September 28, following the failure of the Federal Government to reverse the increase in the electricity tariffs and pump price of petrol. The Nigeria Labour Congress and the Trade Union Congress said they would work together with their affiliate members to execute the industrial action ...

The Nigeria Labour Congress has issued a 14-day ultimatum to the Federal Government to review the hikes in petrol price and electricity tariff or risk facing full industrial action. This is as the Police in Lagos arrested over 35 civil society protesters today. Following its meeting with the FG on Tuesday, the labour union held a Central Working Committee on ...

‘Seven-day ultimatum stands, no acceptable explanation from govt’ An eight-hour meeting involving  the Federal Government,  the Nigeria Labour Congress and the Trade Union Congress ended in a deadlock on Tuesday, following the inability of the parties to reach a consensus. While the organised labour was demanding the reversal of the hikes in the price of petrol and electricity tariffs, the ...

The All Progressives Congress (APC) says it is not oblivious of the financial strains brought by the increase in fuel pump price and electricity rates as it urges Nigerians to endure now and enjoy gains soon. In a statement by the Deputy National Publicity Secretary, Yekini Nabena, the APC said, “The reviews are crucial and hard thought decisions by the ...