
NLC ACCUSES OIL MARKETERS OF OVERCHARGING NIGERIANS FOR PETROL
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GREATRIBUNETVNEWS–The Nigeria Labour Congress (NLC) has alleged that oil marketers are selling petrol at prices significantly higher than its actual market value ¹. This accusation comes amid controversy surrounding pricing between marketers and the Dangote Group. NLC President Comrade Joe Ajaero made this statement after the union’s National Executive Meeting in Port Harcourt.
*Key Points:*
– _Overpriced Petrol_: NLC claims petrol prices are inflated, exploiting Nigerian consumers.
– _Industry Manipulation_: Ajaero suggests “fat cats” in the oil industry may be manipulating prices.
– _Unfair Margins_: The union cites abnormal margins and cost padding as evidence of exploitation.
The NLC’s concerns echo recent reports of potential price hikes, with some marketers proposing petrol prices as high as N1,200 per liter due to rising crude oil costs and currency fluctuations ¹. However, the Nigerian government has not officially announced any changes to the current petrol price.
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