The new pump price of petrol fixed by the Nigerian National Petroleum Corporation Limited (NNPCL) has been rejected by the Nigeria Labour Congress (NLC). As reported by Daily Trust, the oil firm earlier directed its outlets nationwide to sell fuel between N480 and N570 per litre.
NLC reject the fuel price increase Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, had said the price adjustment was made in line with “market realities”.
Reacting to the development, NLC President, Comrade Joe Ajaero, who briefed journalists at Labour House, Abuja, on Wednesday, May 31st, said the congress would not accept that.
Ajaero noted that the fixing of price is not what government could do unilaterally. The NLC argued that the decision to announce a new pump price regime was against the interest of social dialogue, The Nation report added.
The NLC argued that the decision to announce a new pump price regime was against the interest of social dialogue.
The NNPCL earlier confirmed the full deregulation of the downstream sector of the Nigerian Petroleum Industry with petrol now selling at market price following the removal of subsidy by President Bola Tinubu NNPC, in a statement by its chief corporate communications officer, Garba Deen Muhammad on Wednesday, said pump price at its retail stations have been adjusted
