Home Business “We Are Saying No to N935/Litre Petrol Price” – NLC

“We Are Saying No to N935/Litre Petrol Price” – NLC

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The Nigerian Labour Congress (NLC) has publicly criticised the NNPCL’s current petrol price of N935/litre. This is in reaction to Dangote’s petrol partnership with MRS.

However, the Independent Petroleum Marketers Association of Nigeria (IPMAN) announced that petrol was going to sell at N935/litre from Monday.

Maigandi Garima, IPMAN’s National President, has said the arrangement with Dangote Refinery would enable marketers to sell at N935 in their outlets nationwide, incurring a cost of N36 on logistics.

Nigeria Labour Congress’s Senior Official, Chris Onyeka, rejected any applause for the Federal Government and the Nigerian National Petroleum Company Limited over the recent reduction in the pump price of petrol.

“Do you want us to clap for them? How can we be okay with a price of N935/litre of PMS? This is not the right price for PMS. You cannot base the price on imported products when we have refining capacity in Nigeria.

“Products are refined in Nigeria, yet the price you give Nigerians is based on imported products. Why should we applaud that? It is akin to someone stealing your money and returning only part of it, then expecting you to clap. We cannot applaud this.”

He further added,

“We need to know how much it costs the NNPC to refine a litre of PMS in our local refineries, such as the Port Harcourt refinery. That is the price Nigerians should be paying,” he emphasised.
He called on the government to prioritise the welfare of Nigerians by ensuring that fuel pricing aligns with local realities.
“This country belongs to all Nigerians. Let the government do the right thing that allows Nigerians to breathe. Let the poor breathe.
 
“The NLC’s position underscores growing discontent among Nigerians over the rising cost of living, with fuel prices being a major contributor to inflation and economic hardship.”

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