The Nigeria Labour Congress (NLC) has rejected the increased pump price of petrol by the Nigerian National Petroleum Company Limited (NNPCL).
It was reported that the national oil company increased the pump prices of Petrol, known as Premium Motor Spirit (PMS), from 537 to 617 naira per litre.
Reacting to the development in a chat with Leadership, NLC Spokesman, Comrade Benson Upah said the hike in the pump price remains unaccepted to Nigerians.
Upah noted that the increase poses a significant threat to the socio-economic well-being of the citizenry, their businesses, incomes and livelihood.
He said the Congress is yet to be convinced how the development is helpful to the people or the economy or how it renews the hope of the people.
Upah, therefore, called on the federal government to retrace its steps from the journey of possibly driving fuel towards N1,000 per litre.
He said, “This increment is unacceptable to us at the Congress because it poses a significant threat to the socio-economic well-being of the citizenry, their businesses, incomes, livelihood, everything!
“We had said earlier that no reasonable government acting reasonably, leaves its national currency entirely to the storms of the Market as this could lead to unintended consequences.
“The new pump price is suggestive of the fact that the pump price could rise to N1000 or more per a litre any time soon. It makes planning difficult and life uncertain.
“We advise the government to retrace its steps from this journey. The people are not happy. Their calmness should not be taken for granted.”
