April 16, 2024

NLC threatens COMPREHENSIVE strike over oil marketers proposed fuel price hike

 

Oredola Adeola

 

The Nigeria Labour Congress (NLC) has issued a strong warning to petroleum product marketers regarding their plans to increase the pump price of petrol. The NLC has threatened to embark on a total, comprehensive, and indefinite nationwide shutdown of the country if the price changes.

 

 

EnergyDay’s check showed that the first pump price increase was announced on May 29, when the price moved from N197 to N539 per litre, and the second was on July 18, when it moved from N539 to N617 per litre.

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Joe Ajaero, NLC President, made this disclosure in a statement after the African Trade Union alliance meeting held on Monday, August 14, 2023, in Abuja.

 

 

This threat is coming in response to hints by petroleum product marketers to raise the pump price of petrol from the current rate of N617 per litre to between N680 per litre and prices above N700, attributed to importation issues and forex volatility and other downstream issues.

 

 

This development comes less than 10 days after the NLC, and the Trade Union Congress (TUC) suspended their nationwide protest and industrial action over the removal of fuel subsidy following a meeting with President Bola Tinubu. 

 

EnergyDay has gathered that the Independent Petroleum Marketers Association of Nigeria (IPMAN), Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), and Major Oil Marketers Association of Nigeria (MOMAN) are set to meet on Tuesday to discuss the proposed increase.

 

Details later…..