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Business & Finance

Nigerians Will Die If There’s Any Increase In Fuel Price – NUPENG

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The Petroleum and Natural Gas Senior Staff of Nigeria (PENGASSAN) is warning against this with the argument that Nigerians are currently dying. There are speculations that the price of premium motor spirit could be reviewed and upped any moment from now even though the authorities have denied it.   As speculators in the oil and gas sector of Nigerians continue to agitate for an increase in the price of fuel, Olabode Johnson, the president of the Petroleum and Natural Gas Senior Staff of Nigeria (PENGASSAN), has warned that it such a move is to cause trouble across the country.

To him, the government cannot increase fuel price at this time except it is planning to completely kill the citizens of the country. Muhammadu Buhari has been warned against increasing fuel price hike He said currently, the people of the country are currently are grumbling, protesting and groaning in poverty and thus would not condone any attempt to increase fuel price. “Definitely, we can’t go up again…any increase in pump price now will be very unfair to Nigerians,” he said in a report by the Nigerian Tribune. Currently, the price of premium motor spirit is pegged at N145 per litre.

According to him, any attempt to increase fuel price would force the organised labour to take action. “If there is anything like that I believe the stakeholders and everybody will be called in to action. “For me as a labour leader, any increase in pump price now will be very unfair to Nigerians. “Why I keep saying this is because the NNPC has increased their own from N141 to N145, then people are saying that there is going to be increase. It is not possible. “There is a sealing and there is a bar. It is only when NNPC or anybody goes beyond that we can say there are issues.

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For a long time, people have been selling below that bar and now that NNPC is going for N145 some are also going for N141 and N143. “That is the beauty of the industry. I don’t think the government will take another step and as labour,  if there is anything like that I believe the stakeholders and everybody will be called in to action. “Anything outside that is not acceptable because Nigerians are groaning and suffering,” he said.

He continued: “Now the government is also looking at what they can do with the dollar parity, there was a meeting that you cannot buy above N390 to a dollar and sell above this. “For us and Nigerians, any increase is going to  affects Nigerians the more and like a friend keeps telling me any sacrifice that has no terminal date is meant to kill somebody. “Definitely we can’t go up again. I also know again that with what the government is trying to do on the issue of dollar exchange rate; before the end of the year we will see the price coming down.”


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