TUC states how petrol price can return to N350/litre

  • Trade Union Congress advised that the Nigerian National Petroleum Company Limited adopt a preferential foreign exchange rate
  • It stated that this would help to slash the fuel price to about N600/litre from their present pump price of over N900/litre
  • Even with the recent adjustment of the petrol pump, the head of TUC said that the NNPCL is still bearing the subsidy on petrol

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market

The Nigerian Customs Service (NCS) and the Central Bank of Nigeria (CBN) have been urged by the Trade Union Congress (TUC) to provide the Nigerian National Petroleum Company Limited (NNPCL) a special foreign exchange rate.