Home Business ORGANISED LABOUR ASKS FEDERAL GOVERNMENT TO REVERSE NEW PETROLEUM PUMP PRICE

ORGANISED LABOUR ASKS FEDERAL GOVERNMENT TO REVERSE NEW PETROLEUM PUMP PRICE

ORGANISED LABOUR ASKS FEDERAL GOVERNMENT TO REVERSE NEW PETROLEUM PUMP PRICE

THE Nigeria Labour Congress, NLC, has asked the Federal Government to reverse with immediate effect, the new pump price of petrol to its former price.

A new price regime for the product announced on Wednesday by the Petroleum Products Price Regulatory Agency, PPPRA, is N143.80 from N123.50.

The agency also announced that it would be effective July 1.

The NLC in a statement signed by its President, Comrade Ayuba Wabba, described it as shocking, embarrassing and deeply disturbing.

According to the statement, the new hike in the pump price of PMS was announced without the approval of the board of the PPPRA and the oversight ministry, the Ministry of Petroleum Resources.