Senate endorses new petrol price, demands palliatives

The new price of Premium Motor Spirit, PMS, otherwise known as petrol, received the endorsement of the Nigerian Senate on Tuesday, with the Senators demanding the immediate implementation of palliatives.

The decision to back the new price regime was reached at an executive session presided over by the Deputy Senate President, Ike Ekweremadu, while also calling on government to parley with labour unions in order to forestall the threatened strike action.

Ekweremadu, who sympathized with Nigerians for the hardship which the new prices of petrol will cause, said: “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.

Read also: Industrial court stops NLC’s planned strike

“We resolved as follows: “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.

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