Nigerians Cannot Afford Another Fuel Price Hike, NUPENG Tells FG

Nigerians Cannot Afford Another Fuel Price Hike, NUPENG Tells FG

Chris Steven

Members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have cautioned the Federal Government against plans to hike the price of fuel products beyond the current N145 benchmark.

NUPENG’s President, Achese Igwe, who gave out the warning at the 2016 NUPENG National Education Seminar in Abuja on Wednesday, said any move to review the price would be resisted and the entire oil industry would be thrown into crisis.

He also condemn mass sack by International Oil Companies(IOCs) operating in Nigeria, saying government must intervene fast to halt a situation where workers would be compelled to down tools.

He said the union was partnering with the Independent Petroleum Marketers Association(IPMAN) and other stakeholders in the sector to prevent scarcity and increase in the price of the products

He said, “I would say there is no increment for now, N145 is the price. We have said clearly that any increment would be resisted by us.

“It is a rumor for now, that is why we are also working very hard to partner with IMPAN and all necessary stakeholders in the depot environment and depot community to see that scarcity of petroleum products is abated, and also the issue of fuel price increase is also abated.”

Igwe said President Muhammadu Buhari should consider returning contracts for the protection of pipelines in the Niger Delta region to those who handled it during the administration of Goodluck Jonathan, if it hopes to halt vandalism in the sector.

According to the NUPENG President, the people who made promises to the President to protect the pipelines and who were awarded the contracts lacked the capacity to secure them.