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NLC demands return to old petrol price, flays price increase

July 2, 2020376 views0 comments

NLC demands return to old petrol price, flays price  increase
Ayuba Wabba, NLC president (CREDITS: PM News)

The Nigeria Labour Congress has asked the federal government to reverse the latest increase in the pump price of petrol from N123.80 to N143.8,in order to avoid confrontation with the Nigerian people.

The NLC described the upward review of petrol price by the Petroleum Products Pricing Regulatory Agency at this time as insensitive, saying “this might just be the last straw that would break the camel’s back.”

The congress demanded a reversal of the pump price to the old price, arguing that that the prices of crude oil in the international market had only slightly increased from the previous price before the downward review was announced two months ago.

Ayuba Wabba, the NLC president, in a statement on Thursday, described the hike in the fuel pump price and the proposed electricity tariff hike as “potent threat to run millions of Nigerians under.”

Read Also:

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He asked the federal government to rehabilitate the refineries and disclose the timelines for this.

Wabba flayed the PPPRA executive secretary, Saidu Abdulkadir for the fuel price hike, noting that “he did not even feign pretence that government has abdicated its responsibility to protect Nigerians from the cut-throat tendencies of neo-liberal market forces.”

Wabba noted, “Nigerians would recall that the last downward review in the price of petrol was at the beginning of the COVID-19 lockdown. The economic benefits of the so-called “downward”

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TagsEnergy new petrol pump price Nigeria Labour Congress NLC Oil and Gas petrol subsidy removal PPPRA
PreviousNew fuel price band signals Nigeria’s gradual exit from subsidy regime
NextP&G supports Lagos State hygiene campaign with 100 handwashing stations, 8,000 soaps in fight against COVID-19

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