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Labour rejects new fuel price, demands reversal

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Nigeria Labour Congress, (NLC), through its president, Comrade Ayuba Wabba on Thursday, rejected the new pump price of fuel announced by the Petroleum Products Price Regulatory Agency, (PPPRA),  on Tuesday.

The Union, outrightly condemned the increase demands immediate reversal, by government, which the Union said will increase hardship among Nigerians amid the Covid-19 pandemic.

Wabba, said that the hike in the pump price of Premium Motor Spirit commonly called ‘petrol’ from N121 to N143.80 is another means by government to inflict hardship upon nigerians and also plans by government to transfer the cost of it’s own inefficiencies to the struggling to cope with the negative consequences of COVID-19 pandemic.

According to him, the price was announced without the approval of the board of the PPPRA and the oversight ministry.

Recall that the FG increased petrol price to N143.80 per litre

The Union there for called for the repairs of all refineries in the country.

The statement to the statement “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.

“That this new hike in the pump price of petrol was announced without the approval of the board of the PPPRA and the oversight ministry speaks volume of the arbitrariness and public contempt in the operations of PPPRA. We find this deeply disturbing.

“It is also very embarrassing that the PPPRA boss, while trying to defend the indefensible, appeared to be out of sorts and ready to clutch at any available straws to sell his ice block merchandise to Eskimos.

“Apart from contradicting himself that PPPRA is still trying to regulate a deregulated product through ‘advisories’, the PPPRA went on to exert more nails on the coffin of his polemics when he argued that PPPRA was just like the Central Bank of Nigeria, CBN, and the National Insurance Commission, NAICOM, that would always act to protect the public interest.

“That was how far the niceties went. The rest of the statement by the PPPRA boss was about how PPPRA plans to protect investors and increase their profit.

“Finally, we demand that our four national petroleum refineries must be fixed without any further delay. Nigerian workers want to be appraised of the timeline set by the government to ensure that this is effectively done.”

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