• Home
  • About Us
  • Contact Us
  • Privacy Policy
Thursday, June 5, 2025
Trackupnews
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report
No Result
View All Result
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report
No Result
View All Result
Trackupnews
No Result
View All Result
Home Economy

NLC Fumes As NNPC Adjusts Fuel Pump Price

TrackUpNews by TrackUpNews
June 1, 2023
in Economy
Reading Time: 3 mins read
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

01 June 2023

The Nigerian Labour Congress (NLC) on Wednesday fumed over the adjustment of pump prices by the Nigerian National Petrol Company Limited.

RelatedPosts

“Tantita’s Anti-Oil Theft Campaign Yields Fruitful Results”- Pondi

‘Delta to Become Investors Haven’- Oborevwori”

Agriculture: Nigeria signs (MoU) with Brazil’s in 774 LGAs

Barely 48 hours after President Bola Tinubu announced an end to the subsidy era during his inaugural speech at Eagle Square, Abuja on Monday, the NNPCL confirmed the hike in the pump price of Premium Motor Spirit also known as petrol.

Since the presidential pronouncement, fuel queues have resurfaced across the country as Nigerians forage for the premium product which was rose from around N185  per litre to between N400 and N600 per litre.

Worried by the situation, the NLC President, Joe Ajaero, issued a statement expressing worry that the national oil company would announce an increment.

Describing the development as unfortunate, Ajaero said the NNPCL’s action was coming on the heels of an ongoing meeting with stakeholders in the oil and gas sector to manage the unilateral but unfortunate announcement by the President.

“It is therefore unacceptable and we seriously condemn it. Good faith negotiation is key to reaching agreement. What the government has done is like holding a gun to the head of Nigerian people and bringing undue pressure on the leaders thus undermine the dialogue,” the NLC President said.

“We call on the federal government to immediately instruct the NNPC to withdraw this vexatious Pricing template to allow free flow of discussions by the parties. Nigerians would not accept any manipulations of any kind from any of the parties especially from the representatives of the Government.

“Our commitment to this process is buoyed on the fact that all the parties would be committed to ensuring that it is carried out within the ambits of liberty without undue pressure. The release of that Template may not allow us to continue if nothing is done to withdraw it so that the dialogue can continue unhindered. It is clear that Government is actually trying to scuttle the process.”

 

Read full statement below:

PRESS RELEASE

31ST OF MAY, 2023

THAT NNPC PRICING TEMPLATE IS VEXATIOUS AND AN AMBUSH: THE DIALOGUE IS IN DANGER

We are worried that the Government through the NNPC despite the ongoing meeting of Stakeholders in the oil and Gas sector to manage the unilateral but unfortunate announcement by the President to withdraw subsidy on petroleum products, went ahead this morning to announce a new regime of prices under a new pricing template.

This is an ambush and runs against the spirit and principles of Social Dialogue which remains the best platform available for the resolution of all the issues arising out of the petroleum Down-stream sector.

Government cannot in one breathe be talking about deregulation and at the same time fixing the prices of Petroleum products. This negates the spirit of allowing the operation of the free market unless the government has as usual usurped, captured or become Market forces.

It is therefore unacceptable and we seriously condemn it. Good faith negotiation is key to reaching agreement. What the government has done is like holding a gun to the head of Nigerian people and bring undue pressure on the leaders thus undermine the dialogue.

We call on the federal government to immediately instruct the NNPC to withdraw this vexatious Pricing template to allow free flow of discussions by the parties. Nigerians would not accept any manipulations of any kind from any of the parties especially from the representatives of the Government.

Our commitment to this process is buoyed on the fact that all the parties would be committed to ensuring that it is carried out within the ambits of liberty without undue pressure. The release of that Template may not allow us to continue if nothing is done to withdraw it so that the dialogue can continue unhindered. It is clear that Government is actually trying to scuttle the process.

As it stands, the federal government has become fixated on their chosen course of action. Would this help this dialogue? It clearly will not. There must be flexibility to allow concessions and reasonable accommodation that will produce the best result for Nigerian people. This is what we all seek at this time.

 

Tags: fuel subsidynlcnnpc
Previous Post

Fuel subsidy: FG, NLC meeting  ends in deadlock

Next Post

“Oborevwori tenure will usher in great fortunes”- Patience Echero.

TrackUpNews

TrackUpNews

Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

Related Posts

“Tantita’s Anti-Oil Theft Campaign Yields Fruitful Results”- Pondi
Economy

“Tantita’s Anti-Oil Theft Campaign Yields Fruitful Results”- Pondi

December 19, 2024
Oborevwori redeems transformer pledge to Warri community
Economy

‘Delta to Become Investors Haven’- Oborevwori”

November 29, 2024
Agriculture: Nigeria signs (MoU) with Brazil’s in 774 LGAs
Economy

Agriculture: Nigeria signs (MoU) with Brazil’s in 774 LGAs

November 25, 2024
Dangote Petroleum Refinery reduces fuel price
Economy

Dangote Petroleum Refinery reduces fuel price

November 25, 2024
NNPCL, Tantita Security Services Boost Nigeria’s Oil Production
Economy

NNPCL, Tantita Security Services Boost Nigeria’s Oil Production

November 16, 2024
Petrol Price Reduction Expected as Dangote meet marketers
Economy

Petrol Price Reduction Expected as Dangote meet marketers

October 14, 2024
Next Post
“Oborevwori tenure  will usher in great fortunes”- Patience Echero.

“Oborevwori tenure will usher in great fortunes”- Patience Echero.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Post

Time for Rhetoric is Over; Secure the Region”DOPF tells Southern Governors  

DOPF Slams Military Crackdown on Abraka Protests

June 3, 2025
Tantita Empowers Youths with State-of-the-Art Facility

Tantita Empowers Youths with State-of-the-Art Facility

June 2, 2025
New Law Needed for Effective Community Security in Delta – DOPF

New Law Needed for Effective Community Security in Delta – DOPF

May 10, 2025
APPOINTMENT: Ignore mischief makers, NMU staff back Council

APPOINTMENT: Ignore mischief makers, NMU staff back Council

May 9, 2025
Nigeria Maritime University gets New Registrar

Nigeria Maritime University gets New Registrar

April 16, 2025

Popular Post

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Facebook Twitter

About Us

Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

Categories

  • Crime (49)
  • Economy (52)
  • Education (18)
  • Entertainment (5)
  • Environment (6)
  • From The Pulpit (1)
  • Health (15)
  • Inside Niger Delta (5)
  • Kid's Corner (1)
  • News (276)
  • Politics (135)
  • Track Up SoundBites (34)

© 2022 TrackUpNews

No Result
View All Result
  • Home
  • News
  • Politics
  • Economy
  • Education
  • Crime
  • Health
  • Environment
  • Entertainment
  • Special Report

© 2022 TrackUpNews