There is an indication that the Nigerian Labour Congress (NLC) may be against fuel subsidy removal as it warns the Petroleum Products Pricing Regulatory Agency (PPPRA) not to remove price cap on the premium motor spirit (PMS) otherwise called petrol until domestic refining capacity improves. Dr Ozo-Eson stated in the letter that “As a member of the Board of PPPRA, at no stage did we discuss a cap-less pricing scheme for petroleum products. “In economies, where there are strong anti-trust and anti-collusion laws and enforcement, these acts will be subjects of criminal proceedings. “The oligopolies in the oil industry have had their knees on the neck of ordinary Nigerians for too long. Your policy on PMS will place their two crushing knees permanently on the necks of poor Nigerians and the Nigerian economy.

Source: Nigerian Tribune June 08, 2020 17:03 UTC