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NLC condemns Fuel Price increase, urges FGN to revert to old price

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The Nigerian labour congress has condemned fuel price increased announced by the Petroleum Price Regulatory Agency.

The condemnation was contained in a release by the union’s President Ayuba Wabba which was obtained by Nigerian Tracker.

The statement reads “It was with great shock and consternation that the Nigeria Labour Congress (NLC) received yesterday’s news of increase in the pump price of Premium Motor Spirit commonly called ‘petrol’ from N121 to N143.The increase was reported to be consequent upon a “monthly review meeting” by the Petroleum Products Price Regulatory Agency (PPPRA).

 “The PPPRA contradicted itself when it said that the latest price increase described as an “advisory” was meant to regulate a product that government claims had been de-regulated” said Wabba

NLC said the new hike in the pump price was announced without the approval of the PPRA board which shows a form of arbitrariness and very disturbing.

The labour body described the move as very embarrassing and urged the federal government to revert to the old price considering that the crude oil in the international market has only increased a little from the previous price.

Comrade Ayuba said Nigeria belongs to all of us and workers are the major stakeholders in the Nigerian project. Nigerian workers and people must not only be treated fairly but must be seen to have been so treated by their government.

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