We’ll resist petrol price increase, says NUPENG


Saudi Arabia to hike fuel prices, sell national assets, cut salaries

Any attempt to increase the price of Premium Motor Spirit (PMS), popularly known as petrol, will be resisted by the National Union of Petroleum and Natural Gas workers, its President (NUPENG), Igwe Achese, has said.

Some oil marketers had said that they were not importing petrol due to the fact that its current pump price was not sustainable, as the landing cost of PMS had risen to over N135 per litre.

The marketers also stated that the Federal Government owed them billions of naira and that if the money was paid, many dealers would delve into the business of PMS importation as against the current situation where only the Nigerian National Petroleum Corporation imports more than 90 per cent of the product.

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