FG raises concern over possible scarcity of petrol

FG raises concern over possible scarcity of petrol

- There is a possibility of scarcity of petrol nationwide as revealed by the Nigerian government

- Junior minister for petroleum Timipre Sylva raised this concern during a meeting with labour leaders

- The meeting was aimed at forestalling the nation from being shut down over hike in the price of petrol and electricity tariff

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The federal government has raised an alarm over the possibility of the Premium Motor Spirit (PMS) getting scarce in the country.

Speaking during a meeting with leaders of the organised labour on Monday, February 1, Timipre Sylva, minister of state for petroleum, said petrol may not be surplus with the labour bodies' insistence that the recent hike on PMS must be reversed, Channels TV reports.

It would be recalled in November 2020, the government announced the hike in the price of petrol from N147.67 to N155.17 per litre, forcing marketers to sell between N165 and N173 naira per litre in various parts of the country.

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FG raises concern over possible scarcity of petrol
Minister of state for petroleum Timipre Sylva addressing journalists after meeting the labour leaders. Credit: @HETimipreSylva
Source: Twitter

The government had also announced an increase in the price of electricity tariff, a decision that generated massive national outrage with, both Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) vowing to shut down the country.

But during the closed-door meeting on Monday aimed at resolving the issue, representatives of the federal government led by Sylva and labour bodies represented by NLC chairman Ayuba Wabba and TUC's Quadri Olaleye submitted their reports.

Labour leaders, upon receiving the reports of the federal government, requested 21 days for clear study in order to know the next step.

The state petroleum minister, however, objected, saying the 21-day demand may cause fuel scarcity in the country.

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Meanwhile, Legit.ng reported that the federal government on Tuesday, January 5, announced an increase in the electricity tariff payable by power consumers in the country.

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The new electricity plan was announced by the Nigerian Electricity Regulatory Commission (NERC). The agency in a directive issued on December 31, 2020, stated that the new tariff will take effect from January 1, 2021.

NERC also maintained that the new tariff outmodes the Order NERC/2028/2020, according to a revised Multi-Year Tariff Order (MYTO) signed by the new chairman of NERC, Engr. Sanusi Garba.

Source: Legit.ng

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