30-day fuel discount: Abandon your insensitive policies, NLC tells FG
The leadership of the Nigeria Labour Congress (NLC) has advised the Federal Government to jettison what it described as its “insensitive policies that have allowed indiscriminate hikes in the price of petroleum products”. The Congress also took a swipe at the government, saying it cannot continue to demand sacrifice from workers while not offering any […]
The Nigeria Labour Congress (NLC) has criticized the Federal Government's policies, warning against insensitive price hikes in petroleum products. At a joint meeting, the Congress urged the government to stop demanding sacrifices from workers while providing no relief to the masses. The NLC's President, Joe Ajaero, highlighted the dire situation in a statement to journalists, pointing out the soaring inflation, weakened naira, and the unbearable cost of living.
The Federal Government had announced a 30-day fuel discount, negotiating a ₦1,350-per-litre ceiling on the ex-gantry or landing cost of petrol, which aims to prevent rapid price fluctuations due to global crude price movements or currency exchange rates. However, the NLC argues that this ceiling does not actually result in petrol selling for ₦1,350 per litre at filling stations, but rather serves to prevent sudden increases in petrol costs when global crude prices or exchange rates change.
The labor union emphasized that the high pump price of petrol has had a ripple effect on transportation costs, food prices, and other essential goods, further exacerbating the hardships faced by workers and the general public. The NLC calls on the government to collaborate with relevant agencies to immediately reduce the price of Premium Motor Spirit (PMS), commonly known as petrol, and to abandon policies that have only benefited a few oil marketers while impoverishing the masses.
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