The federal government has announced a N5 reduction in the pump price of Premium Motor Spirit (PMS), with effect from Monday next week.
Minister of Labour and Employment, Chris Ngige made this known after ameeting with the leadership of the organised labour in Abuja.
He said, “Our discussion was fruitful and the Nigerian National Petroleum Corporation (NNPC) which is the major importer and marketers of petroleum product and customers have agreed that there will be a slide down of the pump price of PMS.”
“The price cut will get us about N5 per litre and that the price cut will take effect from next Monday, a week from today,” Ngige added
