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FG inaugurates committee on petrol as new price regime takes off

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Adelani Adepegba, Abuja
The Federal Government has inaugurated the ‘Bipartite Plus Committee’ on technical framework on the pricing of Premium Motor Spirit popularly known as petrol.
This is happening as the new price regime for PMS announced last week by the government, officially took off on Monday.
The inauguration was sequel to the outcome of a series of bipartite meetings between the Federal Government and the Organized Labour represented by the Nigeria Labour Congress and the Trade Unions Congress to fashion out a framework to monitor and stabilise the petrol pump price.
The parley had agreed on December 8 to reduce the fuel pump price by N5 from N168 to N162.44 per litre with effect from December 14. ....

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