The Nigeria Labour Congress (NLC) says it remains opposed to any increase in the pump price of Premium Motor Spirit (PMS) until the Nigerian National Petroleum Corporation (NNPC) fixes the country’s refineries.
The NLC said it was not going to base the pump price of petroleum products on imports.
Joe Ajaero, Deputy President of the Nigerian Labour Congress, who made the disclosure Tuesday, April 27, said the NLC had listed key issues that should be addressed before the NNPC will adjust the pump price of Premium Motor Spirit, popularly known as petrol.
According to him, one of such issues that labour unions made clear to the Federal Government during the last meeting on the petrol price matter was that the Nigerian National Petroleum Corporation (NNPC) must first fix the country’s refineries in order to cut down on the importation of refined petroleum products by NNPC into Nigeria, adding that the corporation would only adjust petrol price after the Federal Government had concluded negotiations with labour.
When reminded that the refineries would not be ready in more than one year, Mr Ajaero insisted that fixing the refineries was a key requirement before adjusting the pump price of petrol.
He stressed that when the refineries are fixed, Nigerians will work there and we will get some other products from there. Also, costs such as cargo cost, landing cost, will all disappear, noting that those are the issues and that is the only way, it will pay us.
“We can’t get a product here and we spend much money to go and refine it and bring it back and sell it to the owners.
It will be recalled that the NNPC’s spokesperson, Kennie Obateru, stated on Monday, April 26, that the price of petrol was not going to be adjusted despite the fluctuations in global crude oil prices until the Federal Government, labour and other stakeholders agree on pricing issues, noting that the Federal Government is engaging labour and other stakeholders to agree on modalities and what would be in the best interest of all Nigerians.