Reports circulating on Wednesday revealed that NNPCL raised the fuel price from N898 to over N1,030. This move was met with disapproval from the NLC, which called for the reversal of the “unexpected” petrol price increase.
NLC president Joe Ajaero mocked the federal government led by President Tinubu and noted that it is illogical that a private firm is the one determining the prices of the products.
He noted that a registered private company should not dictate fuel prices for Nigerians.
Ajaero also demanded an immediate reversal of the fresh fuel price hike, saying it is an aberration that the NNPCL is fixing fuel prices in a so-called deregulated sector.
Recall that the NNPCL raised the pump price of fuel. Reports show that petrol, which previously sold for N897 per litre in Abuja, now retails at N1,030 per litre. This represents a 14.8% or N133 rise when compared to the pump price quoted as of September 2024. The change in pump prices was observed at various NNPCL stations in Abuja.
