NNPC To Hike Fuel Price, As Tanker Drivers Suspend Strike

Petroleum Tankers Drivers, PTD, branch
of the Nigeria Union of Petroleum and Natural gas Workers, NUPENG,
Monday, suspended their strike action to allow for further dialogue with
the Federal Government and the Nigerian National Petroleum Corporation,

At a meeting in Abuja, called at the instance of the NNPC
Group Managing Director, Mr. Maikanti Baru, the Federal Government also
kick-started the process for a hike in the prices of petroleum
products, with the products likely to sell between N147 and N150 per

Specifically, to satisfy the yearnings of the aggrieved
tanker drivers for an increase in transporters’ margin, sources among
the officials of the PTD and NUPENG told Vanguard that Baru promised to
increase the Bridging Claims for the tanker drivers from the present N4
per litre, thereby setting machinery in motion for a possible hike in
the price of Premium Motor Spirit, PMS.

The Bridging Claim is
the amount paid to distributors of petroleum products across the
country, and was introduced to ensure uniformity in the price of
petroleum products across the country.

In May 2016, the Federal
Government had approved a price range of N135 and N145 for a litre of
PMS. Today, all the petrol stations in the country are selling at the
highest point of N145 per litre. Any further hike in the cost of the
commodity would likely bring about a hike in the retail price of the
product at the petrol stations.

Spokesperson for the NNPC, Mr.
Ndu Ughamadu, who confirmed the suspension of the strike to Vanguard
Newspaper, however, refused to respond to enquiries of a likely increase
in the price of fuel. However, National President of NUPENG, Igwe
Achese, said the strike action had to be suspended in the interest of
the country and also to allow for further negotiations and discussions.

…Details later


Be the first to comment

Leave a Reply

Your email address will not be published.