NLC, TUC demand FG’s immediate action against N240 fuel price hike

…Says new price is pain-inducing

The leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria, (TUC), has called on the Federal government to responsively take immediate action to reverse the current hiked price of fuel at N240.

NLC and TUC further described the current price hike of fuel as unnecessary, crippling and pain-inducing to Nigerians, whom they said are already suffering beyond measure because of unfavourable government policies.

According to an issued press statement, jointly signed by NLC and TUC Presidents, Comrade Ayuba Wabba and Comrade Festus Osifo, respectively, the Labour Centres are seriously bewildered and disturbed by the persistent shortage and uncontrollable prices that players in the downstream sector of the petroleum industry are meeting out to Nigerians.

“The persistent shortages of Premium Motor Spirit, (PMS), otherwise called petrol, in the country has become a source of pain to the Nigerian people. It has led not just to long avoidable queues, adulteration of the product by the unscrupulous elements, exploitation of the consumers, turning fuel stations to traffic menace.

“All these have tragic consequences for the Nigerian people and debilitating effects on the health of the economy which itself is not in a good state.

“The Nigerian people and taxpayers currently expense several trillions of Naira annually to subsidise petrol. The same people cannot be exploited and made to pay over N240 per litre when the current ex-depot price is currently fixed at Nl48.19k per litre. The opportunity cost of the subsidy payment is enormous and yet the benefit of the subsidy regime is gradually been eroded.

“No country develops when its people are subjected to perennial hardship and its industries are shackled by unnecessary chains of miseries.

“It is more disturbing that the government is equally demonstrating a high level of culpability in the unwholesome situation by its silence and unwillingness to frontally and publicly address the harrowing experiences of Nigeria in the current situation, because no concerned and responsive government will bury its head in the sands, like the proverbial Ostrich, while the citizens are being brutally exploited.

The two labour centres, therefore, urged the Federal Government to bring to an end the avoidable, unnecessary, crippling and pain-inducing fuel shortages and unapproved price hikes of up to N240 in the country. 

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