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The Nigeria Labour Congress has strongly condemned the latest increase in the price of Premium Motor Spirit, calling the hike “avoidable and unacceptable.”
Acting General Secretary of the NLC, Benson Upah, questioned why the Nigerian government has failed to ensure adequate local crude oil supplies to the Dangote Petroleum Refinery, especially as global oil prices drop.
Warning that the price adjustment will severely impact workers and low-income households, Upah noted, “This adds to the increasing difficulties of the average Nigerian for whom life has been Hobbesian.”
The condemnation follows a third consecutive price increase by the Dangote Petroleum Refinery in eight days, raising its gantry price by N65 to N1,265 per litre—an overall N100 increase.
Marketers have quickly passed logistics costs onto consumers, driving pump prices to N1,310 in parts of Lagos and Ogun and up to N1,400 per litre in northern states.
The sudden spike comes as many Nigerians continue to navigate high transportation and food inflation stemming from the 2023 petrol subsidy removal.
The repeated price hikes have intensified public scrutiny over Nigeria’s petroleum management and crude allocation framework.
Despite the Dangote refinery boasting a 650,000-barrel daily capacity, supply disputes force the facility to import up to 40 per cent of its crude.
Upah challenged the government to reform domestic supply policies, asking, “The latest increase is avoidable and unacceptable in light of falling prices in the international market and our local capacity to sell more crude oil to Dangote. Why are we not doing so?”
