Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Senate backs new petrol price, wants immediate implementation of palliatives

    Senate backs new petrol price, wants immediate implementation of palliatives

    May 17, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    17 May 2016, Abuja – The Senate on Tuesday endorsed the Federal Government’s decision to peg the pump price of petrol at N145 per litre.

    *Nigeria Senate chambers.
    *Nigeria Senate chambers.

    Rising from an Executive Session, presided by Deputy President of the Senate, Ike Ekweremadu, the Senate called on the government to parley labour unions to forestall the threatened strike.

    Ekweremadu said that the Senate sympathised with Nigerians for the hardship which the new prices of petrol will cause and called on the government to implement the palliatives.

    “The Senate in a closed session deliberated on the increase in the pump price of PMS by the Federal Government and the threats by the organised Labour to embark on a nationwide strike.

    “We resolved as follows: that we sympathise with ordinary people of Nigeria on the hardships they are going through. “That the Senate will engage the Federal Government to find sustainable ways of improving the welfare of the people of Nigeria.

    “That we call on government to continue to engage the organised labour and other stakeholders to resolve issues in order not to ground the system and impose more hardships on our people.

    “That government should immediately start implementing palliative measures contained in the 2016 Appropriation Act passed by the National Assembly,” he said.

    The News Agency of Nigeria (NAN) reports that the Federal Government last week announced the removal of subsidy from petrol and pegged the price at not more than N145 per litre. Organised labour threatened to embark on strike by Wednesday if government fails to revert to N86.5 per litre.

     

    • NAN

    Related News

    Oil prices rally as United States sanctions on Venezuela ease supply worries

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    Nigeria partners Brazil to develop methanol complex 

    Nigeria says divestment paying off as oil output rises

    E-book
    Resilience Exhibition

    Latest News

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    June 11, 2025

    Kenya central bank lowers 2026 growth forecast to 5.4%

    June 11, 2025

    Nigeria partners Brazil to develop methanol complex 

    June 11, 2025

    FG to train 100,000 youths annually in forex trading

    June 11, 2025

    China, Africa ask US to return to ‘right track’ on trade differences

    June 11, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.