NUPENG, PENGASSAN to meet in Calabar over new pump price

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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) will on May 12 and 13 deliberate on the new pump price announced by Federal Government.

Tokunbo Korodo, the South-West Chairman of the union who disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos on Wednesday, said it is too early to make any official statement until the two bodies meet to deliberate on the matter.

He said that the meeting would discuss the new development and come out with a stand on the matter.

Korodo, however, said that no official of the two oil workers labour unions was authorised to speak on the new pump price as announced by the government.

NAN reports that the Federal Government on May 11, announced a new price regime for petrol with the highest price of N145 per litre.

The Petroleum Products Pricing Regulatory Agency (PPPRA) said in Abuja that the new price regime had taken effect from May 11.

The NNPC, however, advised its retail stations on the outskirts of major cities to sell at prices lower than N145 per litre.

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