No hike in petrol price yet: Federal Government

Chris Ngige Labour Minister speaks on petrol price

Minister of Labour Chris Ngige: debunks news of petrol price hike

Chris Ngige Labour Minister
Minister of Labour Chris Ngige: debunks news of petrol price hike

By Joan Nwagwu/Abuja

The Minister of Labour and Employment, Sen. Chris Ngige has debunked news of an increase in the price of petrol.

He said the issue is part of a tripartite discussion among government, labour unions and the private sector.

“There would be no increase in the price of PMS for now, as discussions are ongoing between government and the organised labour as well as other stakeholders on the matter.

“I have made contact with the relevant authorities, the Federal Ministry of Petroleum Resources and the NNPC and wish to assure members of the public that there is no such increase for now.

“We have an ongoing discussions and standing committees comprising labour and government,’’ Ngige said.

petrol price hike
No petrol price hike for now

His reaction on behalf of the Federal Government was conveyed in a statement by Mr Charles Akpan, Deputy Director, Press and Public Relations in the ministry.

Some members of the government team in the tripartite discussion are from the offices of the Vice President and Secretary to the Government of the Federation.

Others are the Governor of the Central Bank of Nigeria (CBN), Group Managing Director of (NNPC) and the Ministers of Labour, Petroleum and Finance.

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Ngige explained that these two discussions were ongoing concurrently and that the next meeting between the Federal Government and the organised labour would hold immediately after the Easter break.

“The present attempt to foist a fait accompli on the government and all its efforts runs against the ongoing discussions.

“”We, hence, wish to warn the insidious harbingers of such information not to portray government as cruel, irresponsible and amenable to social dialogue and Collective Bargaining.

“Government will at the right time do an appropriate pricing for petroleum products, but not without taking other issues into consideration.

“This is to ensure that Nigerians don’t suffer the pangs of any price increase in petroleum products,” he said.

The minister noted that the government had deregulated petroleum products and market forces had to dictate pricing.

He added that this, notwithstanding, government had decided to give it a human face by agreeing to some palliative measures that will make the price realistic and affordable to the ordinary Nigerians.

“We, therefore, wish to re-assure our partners in the organised labour, the NLC, TUC and affiliate unions that there will be no increase in the price of PMS for now.

“They should therefore continue to cooperate with government to have a fruitful outcome from the discussions,” Ngige said.

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