NLC Finally Gives Solution to High Fuel Price as Dangote Announces New Cost

The Nigerian Labour Congress (NLC) has proposed a solution to the high fuel prices in the country by urging the Federal Government to prioritize purchasing from the Dangote Petroleum Refinery. The NLC chapter chairman, Comrade Funmi Sessi, emphasized that importing crude oil and purchasing in dollars undermines the promise of cheaper fuel for average Nigerians.

The union believes that buying petroleum locally in local currency would significantly reduce operating expenses and lead to a sustainable drop in fuel prices. The NLC praised the Dangote Group for investing in the refinery, which is seen as a transformative national asset that will help close the fuel supply deficit, create jobs, and restore public trust in the nation's economic potential.

The Dangote Petroleum Refinery has already reduced the price of Premium Motor Spirit (PMS) gasoline from N850 to N820 per litre, following changes in the international crude oil market.