The move which has put the entire downstream sector of the petroleum industry into a frenzy has attracted knocks from stakeholders as some have called for a quick review of the action before more damage is done.
Checks on some filling stations in Lagos revealed most marketers have increased the price of PMS from ₦180 to as high as ₦350 while some unconfirmed sources have mentioned some stations even sell as high as ₦400
The Nigerian Labour Congress, NLC while reacting to the statement, rejected the move saying the union was not aware of the President’s decision. This was confirmed in a statement by the head of the information department of the NLC, Comrade Benson Upah.
