Friday, August 14, 2020

Petrol price: NLC demands reversal, NECA backs govt

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The Nigeria Labour Congress has kicked against the new fuel price of N143.8 announced by the Petroleum Products Pricing Regulatory Agency.

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

The NLC President, Ayuba Wabba, in a statement described the hike in the fuel pump price and the proposed electricity tariff hike as potent threat to millions of Nigerians

He asked the Federal Government to rehabilitate the refineries and disclose the timelines for this.