The Nigeria Labour Congress(NLC) has rejected the new pump prices for petroleum products announced by the Nigerian National Petroleum Company Limited (NNPCL), saying it was against the interest of deregulation.
The Labour movement noted that the oil giant couldn’t be talking of deregulation in one breathe and Price fixing in another.
The NNPCL on Wednesday jerked up the pump prices of premium motor spirit otherwise known as petrol (PMS) by over 200 per cent bringing the price of fuel to between N488 and N557 per litre.
The NLC argued that the decision to announce a new pump price regime was against the interest of social dialogue.
Joe Ajaero, the president of the NLC called on the Federal Government to immediately instruct the NNPCL to withdraw this “vexatious Pricing template to allow free flow of discussions by the parties.”
