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Petrol Price Hikes Reach Critical Point, Nigerians Struggle to Cope – Labour

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Organised Labour stated Tuesday that the latest increase in the pump price of petrol was pushing Nigerians to their limit.

It also alerted the Federal Government about the people’s astonishment and unanticipated reaction to the product’s repeated price increases.

Labour also cautioned the government to be mindful of Nigerians’ quiet in the face of terrible hardship and anguish, stating that even a goat can bite when pushed to its limits.

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Even as an employer group, the Chemical and Non-Metallic Products Employer’s Federation (CANMPEF), stated that the increase in gasoline prices caused by subsidy removal had increased transportation/logistics, production expenses, a decrease in household income, and purchasing power.

Labour’s warning came on a day the Independent Petroleum Marketers Association of Nigeria, IPMAN, said its members wait for days to load petrol from Dangote Refinery in Lagos, despite paying N40 billion to the Nigerian National Petroleum Company Limited, NNPCL.

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