{"id":89240,"date":"2023-06-05T22:26:10","date_gmt":"2023-06-05T21:26:10","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/why-fuel-may-hit-n1000-by-december-nlc"},"modified":"2023-06-05T23:37:07","modified_gmt":"2023-06-05T22:37:07","slug":"why-fuel-may-hit-n1000-by-december-nlc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc","title":{"rendered":"Why fuel may hit N1,000 by December \u2013 NLC"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Nigeria Labour Congress, NLC, has expressed fear that if the Federal Government fails to liberalize the oil sector to allow for more private individuals to invest, the pump price of the Premium Motor Spirit, PMS, also called petrol may hit N1000 per liter by December 2023.<\/p>\n

The NLC national President, Joe Ajaero who made the remark while speaking with Arise TV on Sunday, claimed that \u201cDangote\u2019s fuel production monopoly and non-functioning refineries limit market competition\u201d.<\/p>\n

According to the NLC president, \u201cwithout other players in the sector, petrol prices may reach N1,000\/Litre by December\u201d.<\/p>\n

He insisted that until the refineries in Port Harcourt, Warri, and Kaduna are in good shape, there may be no competition in the market and the price of the product may continue to skyrocket.<\/p>\n

\u201cHow can there be market forces if Dangote is the only one producing? Are we not maintaining a private sector monopoly which is even worse than the public sector monopoly that the NNPC has been maintaining?<\/p>\n

\u201cWhat is the situation in the cement industry and other areas? Why are the Port Harcourt, Warri and Kaduna refineries not working?\u201d He asked.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Nigeria Labour Congress, NLC, has expressed fear that if the Federal Government fails to liberalize the oil sector to allow for more private individuals to invest, the pump price of the Premium Motor Spirit, PMS, also called petrol may hit N1000 per liter by December 2023. The NLC national President, Joe […]<\/p>\n","protected":false},"author":84,"featured_media":89239,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,1627,772,254,220],"class_list":["post-89240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-december","tag-fuel","tag-nigeria","tag-nlc"],"yoast_head":"\nWhy fuel may hit N1,000 by December \u2013 NLC - Nigeria<\/title>\n<meta name=\"description\" content=\"The Nigeria Labour Congress, NLC, has expressed fear that if the Federal Government fails to liberalize the oil sector t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why fuel may hit N1,000 by December \u2013 NLC\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Labour Congress, NLC, has expressed fear that if the Federal Government fails to liberalize the oil sector t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T21:26:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-05T22:37:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1685988316.07052.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"715\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Why fuel may hit N1,000 by December \u2013 NLC\",\"datePublished\":\"2023-06-05T21:26:10+00:00\",\"dateModified\":\"2023-06-05T22:37:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc\"},\"wordCount\":209,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1685988316.07052.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"december\",\"fuel\",\"Nigeria\",\"NLC\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/why-fuel-may-hit-n1000-by-december-nlc\",\"name\":\"Why fuel may hit N1,000 by December \u2013 NLC - 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