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Reduce Petrol Price By 40% – TUC Urges FG

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The Trade Union Congress of Nigeria (TUC) has called on the federal government to reduce the price of premium motor spirit (PMS), also known as petrol by 40%, saying the recent cut of 50k in the pump price was not justifiable given the fall in the price of crude oil in the international market.

The TUC president, Comrade Bobboi Kaigama, and Secretary-General, Barrister Musa Lawal, in a statement issued in Lagos on Wednesday, stressed that the appropriate deed for the Buhari’s government was to have reduced the price of fuel by 40 per cent.

The statement read, “Considering the drastic fall in the price of crude in the international market, we expected that the pump price of fuel would be reduced by, at least, 40 per cent.

“It is most disappointing that the government reduced the price by just N1 and 50k at filling stations respectively owned by the Nigerian National Petroleum Corporation (NNPC) and the independent marketers”.

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