Minister of Labour and Employment, Chris Ngige said the reduction would take effect from December 14, 2020. He disclosed this while speaking with journalists at the end of a meeting with labour leaders which began at 9pm on Monday and ended at 1:30 am on Tuesday.
He said a technical committee has been set up by the larger house to ensure price stability in the oil industry. Premium Motor’s Spirit [PMS] currently sells at N168, after it was increased by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, NNPC.
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