ILORIN – Mr Faruq Akanbi, Chairman of the Nigeria Labour Congress (NLC), Kwara Chapter, on Monday advocated the reduction of the pump price of petrol to N50 per litre from the current N87.[pro_ad_display_adzone id=”10″]
Akanbi said in an interview with the News Agency of Nigeria (NAN) in llorin that the current rate was not yet in consonance with international market.
Akanbi said that the removal of N10 from the petrol pump price was yet to take Nigerians to the promise land.
The NLC Chairman urged the Federal Government use the forces of demand and supply of crude oil at the international market in bench marking the petrol price.
According to him, since crude oil currently sells at less than 50 dollars per barrel, the pump price of petrol in Nigeria should be N50.
The NLC Chairman also described current pump price of petrol as a misnomer, political and a calculated attempt to cheat Nigerians, especially the downtrodden. (NAN)
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