Latest: NLC Rejects Recent Increase In Pump Price Of Petrol

The Nigeria Labour Congress (NLC) has rejected the recent increase in the pump price of petrol across the country.

Recall that last Friday, November 13, the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, increased the ex-depot price of petrol from N147.67 per litre to N155.17. Following the announcement, the Independent Petroleum Marketers Association of Nigeria said the implication was that the pump price of petrol would range from N168 to N170 per litre. The new price regime took effect last Friday.

In a statement released today November 16, the NLC president, Ayuba Wabba, condemned the increase saying the price increase will definitely increase the current level of pain and anguish in the country.

Wabba hinted that the congress would receive an update from its affiliates who were members of various committees set up after the last round of negotiations with the Federal Government and that the outcome of its engagement with the unions will determine the next line of actions to be taken by Labour concerning the new petrol pump price.