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…Says Govs to decide finally Thursday The Minister of Labour and Employment, Senator Chris Ngige has announced that there is no money for subsidy of Premium Motor Spirit (PMS) by the Federal Government and advised labour officials to wait for the final decision of 36 states Governors on Thursday.This follows increase in the international price of crude oil above $60 per barrel. The PMS is a white product being obtained after refining of crude oil. The price of PMS was deregulated in March 2020 when the price of crude oil dropped below $40 per barrel in the international market. The leader...

Vanguard News FG: Governors to have final say on petrol price hike, meet Thursday On By Obas Esiedesa – ABUJA THE final decision on petrol pump price increase will be taken by the 36 states governors at their meeting on Thursday, the Federal Government has said. The Minister of Labour and Employment, Senator Chris Ngige disclosed this Sunday night after a bipartite meeting of the Federal Government and the organised labour at the Banquet Hall of the Presidential Villa Abuja said the government has finished with labour leaders on the issue of the petrol price increase. The leadership of the...

The Technical Committee on Premium Motor Spirit (PMS) Pricing Framework has submitted its report to the Federal Government and the Organised Labour.