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The Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA), Mr Farouk Ahmed’s annoucement on the new pump price was responded to by the Nigeria Labour Congress (NLC).
From PUNCH report, the General Secretary of NLC, Dr. Peter Ozo-Eson said the Federal Government was not transparent in carrying out the process.
Labour said PPPRA did not follow the stipulated law required for changing fuel pump price, adding that the regulatory body was trying to confuse Nigerians.
Ozo-Eson also said “We need to be careful, you see, in the release that we issued, I pointed out the important of the process. The law specifies that PPPRA board should be constituted to recommend the price.
“The board is not a government appointed board. It comprises all the stakeholders. You cannot be talking of a template now. “The legal position is that the board would be engaged. You cannot talk about the template, without this board.
Which template are you referring to? Is the template the outcome of the PPPRA. The law was careful to ensure that we have all stakeholders represented in the PPRA board.”
Adding that When the President and I visited the minister, we told the minister that there was need to convene the PPRA board.
“People will use this thing to suck them in a situation that tomorrow when prices escalates, there would be a precedent.”
[vc_row][vc_column width=”1/2″]“The PPPRA is a stakeholder-based organisation by law. It is now a government-appointed PPPRA. The figures should have been done with all the stakeholders[/vc_column][vc_column width=”1/2″]“They owe Nigerians a duty to account for it so that we are sure that the revenue is properly accounted. They should do it in an open and transparent way, but now they are doing conflicting things, as if they are planning to confuse Nigerians to increase fuel pump price,” the labour leader said.[/vc_column][/vc_row]
Private filling stattions are expected to sell at N86.50k per litre, while all Nigerian National Petroleum Corporation (NNPC) filling stations will sell at N86 per litre.
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