President Bola Tinubu on Tuesday, August 15 assured Nigerians that there will be no increase in the pump price of Premium Motor Spirit (PMS), or petrol, anywhere in the country. According to the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the petroleum market has been deregulated and will remain same way. He stated that the FG will address the inefficiencies within the midstream and downstream petroleum subsectors to maintain prices where they are without having …
Tag: hike
The 100% hike in electricity tariff slated to commence Wednesday, July 1, has been put on hold. This comes after the National Assembly leadership’s intervention at a meeting with the Electricity Distribution Companies (DisCos), the National Electricity Regulatory Agency (NERC) and others in the power chain, Monday night, June 29. The DisCos announced over the weekend that the tariff pushed forward from April 1 would take effect from July 1. Customers protested the planned increase but the …