An end to the current fuel crisis may not be certain but Minister of State for Petroleum Resources, Dr Ibe Kachikwu, yesterday gave an indication that a new pump price will come into effect next January 2016. He said this just as the Nigeria Labour Congress (NLC) decried the continuing nationwide fuel scarcity resulting in skyrocketing prices and long queues.

A litre of premium motor spirit (PMS) now sells for N300 in many parts of Rivers State, including Port Harcourt. In Anambra, it is about N150 for a litre.

The NLC, in a statement signed by the president, Ayuba Wabba, yesterday, described the situation as ‘disheartening.’

Speaking in Abuja yesterday during his unscheduled visit to some filling stations within the metropolis, Kachikwu explained that it was high time Nigeria took practical look at the pricing dynamics of the oil and gas downstream sector.

Credit: Guardian