Petroleum Price To Reversed Back, Says By Labour

The Federal Government increased the petroleum price duel to the economy recession in the country, but the the Nigeria Labour congress, NLC, told the government to reversed the petroleum pump price to the exact amount.

The Federal Government through the Petroleum Products Price Regulatory Agency, PPPRA, had on Wednesday announced a new price regime for the PMS from N123,50 to N143,80 with effect from July 1.

People reaction to the new price, the Nigeria Lagos Congress said that it received the news of the increment with shocks and consternation.

According to report,  NLC made it know in their statement signed by its president, comrade Ayuba wabba, said that the new slog in the pump price of PMS was announced without the approval of the board of the PPPRA and the oversight ministry.

The NLC described as embarrassing the alleged arbitrariness and public contempt in the operations of PPPRA, describing its action as ‘deeply disturbing.’ Labour in the statement said, “We demand that the Federal Government reverts to the old price of petroleum especially given the fact that price of crude oil in the international market has only slightly increased from the previous price before the so-called downward review was announced two months ago.

We also renew our call for a national conversation on the management of our oil assets which we insist must be in tandem with the provisions country’s constitution which clearly mandates that the commanding heights of our national economy must be held by the government in the interest of the citizens of Nigeria.

We demand that our four national petroleum refineries must be fixed without any further delay. The Nigerian workers really want to be appraised of the timeline set by the government to ensure that this is effectively done, and also said that Nigeria belong to all of us, and for that reason workers and people must not be treated fairly but must be seen to have been treated nicely by the government.

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