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Subsidy Removal: Current Petrol Price Exceeds Market Rate – NLC

by Godwin Mbah
November 13, 2024
in Business
Subsidy removal,NLC

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The Nigerian Labour Congress (NLC) has voiced concerns over the escalating price of petrol in Nigeria, asserting that the current pump price is significantly above the actual market rate.
In a communique released on Sunday, signed by NLC president Joe Ajero, the union accused influential figures in the petroleum industry of artificially inflating prices beyond reasonable levels. Ajero pointed to this alleged manipulation as a key factor fueling tensions between the Dangote Refinery and local fuel marketers.
The NLC also urged the government to expedite the activation of Nigeria’s refineries, including those in Port Harcourt and Warri, to help stabilize petrol prices and address the growing concerns over affordability.
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