BREAKING: Why Petrol Price May Hit ₦5,000 Per Litre – NLC

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The spokesperson of the Nigeria Labour Congress (NLC), Benson Upah on Saturday warned that Nigerians may end up buying petrol for ₦5,000 per litre. Upah who spoke in an interview amidst fuel scarcity and hike in price of petrol across the country said the recent increase runs contrary to the agreement the union reached with the Federal Government.....CONTINUE READING THE ARTICLE FROM THE SOURCE

Speaking on the increase in petrol price Upah said, “I want to tell you something, what this signals is that Nigerians have not seen the end yet, we may end up paying nothing less than ₦5,000 per liter for fuel in this country. “We hope not to get there but if we get there, the decision will be left to Nigerians.” Upah, who spoke on the Federal Government breaking promises on increasing the price of petrol, said during discussions on a new minimum wage, the government proposed two options: either raise the minimum wage to ₦250,000 while allowing petrol prices to climb to between ₦1,500 and ₦2,000, or accept a wage increase to ₦62,000 and maintain the current fuel prices.

He expressed disappointment, stating that the latest price increase by President Bola Tinubu led government is a breach of trust. The Nigeria Labour Congress (NLC) on Thursday cautioned the Federal Government against implementing the World Bank recommendation of increasing the pump price of Premium Motor Spirit (PMS), otherwise known as petrol or fuel to N750 per litre. The World Bank had on Wednesday, asked the President Bola Tinubu-led government to…

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The Nigeria Labour Congress (NLC) has accused President Bola Tinubu of betraying the labour movement and the entire Nigerian populace following the sudden increase in Premium Motor Spirit (PMS), better known as petrol or fuel. NLC President, Joe Ajaero who expressed the union’s disappointment in a statement issued on Tuesday…

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Despite the outrage by Nigerians over the recent hike in Premium Motor Spirit (PMS) otherwise known as petrol, organised labour has refused to comment over the matter three days after the hike. The Pipelines and Product Marketing Company (PPMC) had in a circular dated November 11, informed petrol marketers of…

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