FG says no fuel increment until FG, labour conclude talks


Minister of State for Petroleum Resources, Timipre Sylva has announced that there will be no increment in the pump price of Petrol until conclusion of consultation with Organised Labour.

Sylva disclosed this during an interview with newsmen in Lagos on Friday.

The minister said it was necessary to clear the air on the issue because of reports circulating that the price of PMS had been increased to N212.61 per litre. Sylva said that information is completely untrue and urged people to disregard the information.

He said: ” Irrespective of the source of that information, I want to assure you that it is completely untrue.

“Neither Mr President who is the Minister of Petroleum Resources nor myself who deputies for him as minister of state has approved that petrol price should be increased by one naira. “I therefore urge you to disregard this misleading information.”

He noted that for the past few months, the government has been in consultation with Organised Labour to find the least painful option to respond to the global rise of crude price which has inevitably led to increase in petrol prices adding that it was unthinkable that government would unilaterally abandon these discussions and act in the manner suggested by the information under reference.

Abisola Adebayo

Abisola Adebayo is a Reporter/Presenter/Social Media Manager for Tv360Nigeria. She is a first class graduate of the department of Mass Communication at Fountain University, Osogbo. Abisola is currently running her Masters Degree at the University of Lagos. The Social Media savvy young lady is ambitious and driven, likes trying new things and sets new goals for herself. Always looking for an opportunity to do better and achieve greatness.

One thought on “FG says no fuel increment until FG, labour conclude talks

  1. AvatarPatrick Kolawole Awosan

    Nigeria future is very bleak, with FGN. still remote-controlling the price of fuel, which other advance-and developing countries, are eliminating with the development of renewal-energy vehicle, electric vehicles and
    solar-energy, Wind-mill energy. As from 2030, Volvo automobile industry, would stop producing fuel-vehicles and rolling out electric vehicles, without fuel-engine, from 2030, while Nigeria, is still very much in anti-citizenry and impoverishment, of the people, policy of arbitrary increment of fuel-price to enrich and benefit scammers-import-fuel importers click.


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