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V!EW BEFORE THEY GOT DELETED| Baltazar FROM Equatorial Guinea TRENDS AGAIN AS OVER 50 OF HIS FRESH BEDR00M V!DEOS SVRFACES ONLINE.The Nigeria Labour Congress (NLC) has called for a further reduction in the price of Premium Motor Spirit (PMS), rejecting the recent price cut to ₦935 per litre as inadequate. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE
The price reduction, announced by Dangote Petroleum Refinery in partnership with MRS, came after petrol prices had previously exceeded ₦1,030 per litre in Lagos and surrounding areas, and more than ₦1,060 per litre in Abuja and northern states.
However, the NLC insists that the price should be lowered even further. Chris Onyeka, a senior official of the NLC, expressed dissatisfaction with the current pricing mechanism and the recent price adjustment, stating that the reduction does not adequately reflect the true cost of petrol.
Speaking to Punch, Onyeka criticized both the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) for the price reduction, emphasizing that it is unreasonable to celebrate a ₦935/litre price when the country has domestic refining capacity. “How can we be okay with a price of ₦935/litre of PMS? This is not the right price for PMS,” he said. “You cannot base the price on imported products when we have refining capacity in Nigeria.”
Onyeka pointed out that the costs embedded in the current pricing framework—such as foreign labour, freight charges, insurance, logistics, and profits accrued abroad—unfairly burden Nigerians. “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 said.
He called for transparency and insisted that the correct price for petrol should be based on the actual cost of refining it domestically. “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,” Onyeka emphasized.
The NLC’s position highlights growing discontent among Nigerians over the rising cost of living, with fuel prices being a significant contributor to inflation and economic hardship. Onyeka urged the government to prioritize the welfare of ordinary Nigerians, stating, “This country belongs to all Nigerians. Let the government do the right thing that allows Nigerians to breathe. Let the poor breathe.”V!EW BEFORE THEY GOT DELETED| Baltazar FROM Equatorial Guinea TRENDS AGAIN AS OVER 50 OF HIS FRESH BEDR00M V!DEOS SVRFACES ONLINE.
The NLC’s stance reflects broader concerns about the affordability of essential goods and services, and the impact of fuel prices on the daily lives of citizens...Tap To Read The Full Story Here.
