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FG Asks Labour For One Week For Downward Review Of Petrol Price

FG Asks Labour For One Week For Downward Review Of Petrol Price

The federal government has asked the organised labour for a week break to consult stakeholders for a possible reversal of the new petrol price.

The Nation reports that the Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari, made the request at the meeting with the leadership of the organised labour in Abuja on Thursday, November 26.

Kyari explained that the NNPC couldn’t unilaterally announce a reversal of the new price without consultation.

It was, therefore, agreed by both the labour and the government team led by the Secretary to the Government of the Federation (SGF), Boss Mustapha that the meeting should be adjourned and should resume on Monday, December 7.

Labour had asked the government to reverse the recent fuel price increase, saying the increase negates the agreement reached in September.
The government said it lacks the money to continue to pay fuel subsidy due to the economic implications of the coronavirus pandemic.

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