The Nigerian Labour Congress (NLC) has recently expressed its disapproval of the Nigerian National Petroleum Company Limited’s (NNPCL) latest announcement regarding the Petrol Price per litre in Nigeria. According to the NLC, the new petrol prices are not in line with the principles of deregulation and are therefore not in the best interest of the public.
The Labour movement has pointed out the inconsistency of the oil giant’s stance on deregulation and price fixing.
Petrol Price per litre in Nigeria
On Wednesday, the Nigerian National Petroleum Corporation Limited (NNPCL) raised the prices of premium motor spirit, commonly referred to as petrol (PMS), by more than 200 percent. This move resulted in fuel prices ranging from N488 to N557 per litre.
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The Nigerian Labour Congress (NLC) has contended that the recent announcement of a new pump price regime is not in line with the principles of social dialogue.
The Nigerian Labour Congress (NLC) has issued a statement, with its President Joe Ajaero at the helm, urging the Federal Government to direct the Nigerian National Petroleum Corporation Limited (NNPCL) to retract its “vexatious pricing template” and enable unrestricted dialogue between the parties involved.
The NLC has issued a threat to withdraw from ongoing negotiations with the government unless the new price template is withdrawn, allowing for uninterrupted dialogue.
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Concerns have been raised over the Nigerian government’s decision to announce a new pricing template for petroleum products, despite ongoing meetings with stakeholders in the oil and gas sector to manage the withdrawal of subsidies. The announcement, made by the Nigerian National Petroleum Corporation (NNPC), has been deemed unilateral and unfortunate by critics.
The recent turn of events has been deemed an ambush and is being criticised for going against the principles of Social Dialogue. This platform has been regarded as the most effective means of resolving issues that arise in the petroleum Down-stream sector. The government’s stance on deregulation and fixing petroleum prices appears to be contradictory. The statement suggests that the government’s intervention in the market has undermined the principles of a free market economy, which allows for the operation of market forces without interference.
The act is deemed unacceptable and has been strongly condemned. The cornerstone of reaching an agreement is good faith negotiation. The actions of the government have been likened to wielding a weapon against the Nigerian populace, and exerting unwarranted pressure on its leaders, thereby impeding constructive discourse.
The federal government has been urged to instruct the Nigerian National Petroleum Corporation (NNPC) to withdraw its contentious pricing template. This call comes as stakeholders seek to engage in open and constructive dialogue on the matter.
Nigerians have expressed their firm stance against any form of manipulation from any party, particularly from government representatives.
The parties involved have expressed their commitment to ensuring that the process is carried out with full respect for individual liberties and without any undue pressure.
The potential release of the Template has raised concerns about the ability to continue the dialogue without interruption. It is imperative that action be taken to withdraw the Template in order to ensure an unimpeded continuation of the dialogue. The government’s efforts to impede the process are evident.
The federal government is currently focused on their selected plan of action. Could this enhance the conversation? It is evident that it will not. Flexibility is crucial to achieving the best outcome for the Nigerian people, as it allows for concessions and reasonable accommodations to be made. This is the prevailing sentiment among individuals during these times.