I have noticed a pink bump on the head of the penia.
It doesnt itch nor hurt unless i squeeze it or during intercourse
There are several reasons one can develop papules or bumps on penis. It may be either due to non-infectious cause like pearly penile papules and Fordyce spots or even an inflamed skin gland which it appears is what you have. Treatment can be with mild cortisone cream or if the lesion persists then oral antibiotics. The lesion does not appear to be a sexually transmitted disease.