AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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NO JUSTIFICATION FOR FUEL SCARCITY,PRICE HIKE- PENGASSAN. (PHOTO).

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No justification for fuel scarcity, price hike — PENGASSAN

31 January 2023 

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said that there is no justification to the current fuel scarcity and the hike in the price of Premium Motor Spirit, PMS.

It called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to revoke licenses of any marketers found to be selling petrol above the approved price.

A statement signed by PENGASSAN’s President, Comrade Lumumba Okugbawa, and General Secretary, Comrade Festus Osifo, on Monday in Abuja, insisted there was no justification for the current petrol scarcity hike in price as being witnessed nationwide.

While noting that there was enough petrol to last Nigerians for the next 30 days and more, the union accused some marketers of creating artificial scarcity of petrol, with the aim of having the product sell at a higher price.

The statement partly reads: “PENGASSAN empathizes with Nigerians on the hardship currently faced with the scarcity and drastic hike in the price of PMS.

“While we understand that the parameters imputed into the old PPPRA and now NMDPRA template have since changed because of some economic vagaries such as exchange rate fluctuation, vessel hiring cost and cost of AGO amongst others, there is no sufficient justification for PMS (Petrol) to be selling for a such highly inflated price, thereby subjecting the masses to further difficulties.”

 

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