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HomeLabour and ProductivityNLC Meets On Govs’ N380/litre Petrol Proposal Today, Experts Warn FG

NLC Meets On Govs’ N380/litre Petrol Proposal Today, Experts Warn FG

Nigeria Labour Congress will today (Friday) come up with its position on the recommendation by governors that the price of Premium Motor Spirit, popularly called petrol, be raised from N162/litre to N408.5/litre.

A committee set up by the Nigeria Governor’s Forum had on Wednesday called for immediate removal of petrol subsidy. It recommended a petrol price of between and N380/litre and N408.5/litre.

Meanwhile , the Abuja Chamber of Commerce and Industry and the Lagos Chamber of Commerce and Industry on Thursday advised the Federal Government to be tactful when removing petrol subsidy. They recommended that it be done gradually.

Also, officials of the Nigerian National Petroleum Corporation told Newsfocusng that the oil firm was awaiting the Federal Government’s position on the recommendation of the governors before it would adjust petrol price.

NNPC has been the sole importer of petrol into Nigeria for more than three years running.

When contacted by our correspondent on Thursday for the position of the NLC on the latest recommendation of the governors as touching petrol price, the Deputy President, Joe Ajaero, replied, “Congress will come up with a position latest tomorrow (Friday).”

Officials of both the NLC and the Nigeria Union of Petroleum and Natural Gas workers in separate exclusive interviews had last week argued that the continued imports of petrol by the NNPC was at the detriment of Nigeria’s refineries.

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