You’re frustrating Nigerians with hike price of petrol – NLC tackles Dangote, oil marketers
Dangote Group and oil marketers have been accused of inflating the pump price of the Premium Motor Spirit, popularly called petrol, thereby subjecting Nigerians to untold hardship.
The Nigeria Labour Congress (NLC), while making an accusation, in a communiqué on Sunday after its National Executive Council Meeting held on Friday, noted that the current price of petrol, which stood between N1060 and N1,200 per litre, is higher than the market value.
NLC said that the high petrol price in Nigeria is an indication of the prevalence of cost padding and abnormal margins in the country’s oil and gas sector at the detriment of Nigerians while calling for government at all levels to immediately activate the Port Harcourt refinery takeoff and other government-owned refineries.
The statement read, “The NEC-in-session noted with increasing dismay the shenanigans around the appropriate pricing of petrol (PMS) in Nigeria.
“It was observed that there may be a gang-up against Nigerians by fat cats in the industry as the current price of the product
is significantly higher than the real market price.
“Padding of costs and abnormal margins seems to be the order of the day, considering the revelations from the
the ongoing controversy between Marketers and Dangote Group.
“It is entirely possible that Nigerian workers and masses are being ripped off by those who control the levers of economic power in Nigeria. This explains why the domestic public refineries may not immediately be allowed to come on stream.
“NLC demands appropriate petrol pricing and calls for the public domestic refineries in PH, Warri, and Kaduna to quickly come back on stream to break up the monopolistic stranglehold the big players have on the industry,” NLC stated.
