The Nigeria Labour Congress has said it will resist the increase in the price of Premium Motor Spirit, announced by the government on Wednesday.
The statement, issued by NLC General Secretary, Dr Peter Ozo-Eson, in Abuja on Wednesday, described the increase as insensitive.
It said, “the unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by the NLC and its civil society allies.”
It said with, “the unjustifiable electricity tariff and other economic challenges brought on by the devaluation of the naira and inflation, the least one had expected was another policy measure that would make life miserable for the ordinary Nigerian.
“The latest increase is the most audacious and cruel in the history of product price increase as it represents not only about 80 per cent increase but it is tied to the black market exchange rate.
“Furthermore, the process through which government arrived at this is both illogical and illegal as the board of the PPPRA is not duly constituted.”
The statement accused the Minister of State for Petroleum, Dr. Ibe Kachikwu of having overbearing influence and acting as a sole administrator.
The statement, issued by NLC General Secretary, Dr Peter Ozo-Eson, in Abuja on Wednesday, described the increase as insensitive.
It said, “the unilateral increase in prices of petroleum products today by government represents the height of insensitivity and impunity and shall be resisted by the NLC and its civil society allies.”
It said with, “the unjustifiable electricity tariff and other economic challenges brought on by the devaluation of the naira and inflation, the least one had expected was another policy measure that would make life miserable for the ordinary Nigerian.
“The latest increase is the most audacious and cruel in the history of product price increase as it represents not only about 80 per cent increase but it is tied to the black market exchange rate.
“Furthermore, the process through which government arrived at this is both illogical and illegal as the board of the PPPRA is not duly constituted.”
The statement accused the Minister of State for Petroleum, Dr. Ibe Kachikwu of having overbearing influence and acting as a sole administrator.
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