NLC rejects increase in petrol price, warns there’s a limit to what Nigerians can tolerate

Ebun Francis| The Nigeria Labour Congress (NLC) on Monday took a swipe the Buhari’s government and condemned the recent hike in the pump price of Premium Motor Spirit (PMS), also known as petrol.

In a statement seen by Alabingo.com and signed by the NLC President, Ayuba Wabba, Labour demanded the immediate reversal of the pump price as the recent hike in price has worsened the level of pain and anguish in the country.

The NLC also warned that Nigerians have a limit to tolerate the continued increase in the price of refined petroleum products and other essential goods and services.

According to the NLC, it is worrisome to make Nigerians continue to suffer for the failures of successive governments to properly manage the nation’s refineries.

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It added that the development has questioned the explanations made by the government on the payment of subsidy, insisting that the nation would not have been in its present position if the government had been alive to its responsibilities.

On the way forward, the NLC asked the government to fix the nation’s refineries, stressing that several options were available to tackle the trend of high prices of refined petroleum products.

It also asked the government to declare a state of emergency in the downstream petroleum sector and seal refining deals with refineries closer to Nigeria.

The union was, however, silent on what action it would take if the increased price was not reversed.

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The federal government last week announced a new pump price band for petroleum products, raising the ex-depot price of petrol to N155.17, making marketers sell between N165 and N173 per litre to consumers.

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