NewStats: 3,264,494 , 8,183,876 topics. Date: Wednesday, 11 June 2025 at 09:56 AM 4k3l6r

The Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians.

Speaking with journalists on Tuesday, Funmi Sessi, the NLC Chairman for Lagos Council, noted that the refinery’s operation has come at the right time.

Sessi expressed optimism that the price cut would ease transportation costs, lower the prices of goods and services, and provide financial relief to citizens struggling with the high cost of living.

“This adjustment promises to offer much-needed relief for millions of Nigerians who have been grappling with high fuel prices and the rising cost of living,” Sessi said.

“If not for Dangote Refinery, we believe the government would still be importing fuel. However, Dangote is now producing about 650,000 barrels per day, while the Port Harcourt refinery and another refurbished refinery together produce about 210,000 barrels per day, which is not even half of Dangote’s output.”

“With this, Dangote has introduced healthy competition in the sector, and we are already seeing a reduction in petroleum prices. Dangote has even started exporting petroleum to countries such as Ghana, Togo, and others. This will help stabilise our currency.”

“In this instance, we want to give credit to Dangote. We also appreciate its timely intervention,” she added.

The NLC Lagos Council Chairman also noted that the National Assembly “is working on a bill to encourage the domestic use of our currency. It is disheartening that our currency is no longer strong, even within the West African region.”

“Therefore, the government should encourage Dangote and other players to enter the market as this will foster healthy competition.”

“We welcome this relief, which will help many Nigerians struggling due to the high cost of living, and we urge other stakeholders to follow the example set by the Dangote Group for the benefit of all Nigerians.”

On the proposed 2025 budget, Sessi said that if the Federal Government strictly implements it, there is hope for the nation’s economic revival.

“With the budget, there is hope for Nigeria. Especially if the government is strict in its implementation, we will see improvements in security, food production, and other areas,” she concluded.

https://punchng.com/nlc-hails-dangote-refinery-for-fuel-price-cut/?amp

Tinubu is a disgrace to governance

Petrol price is still high
Price of goods and services are still high
Only a significant reduction in petrol price can reduce this inflation

They tried this time around

That's how it supposed to be

Praise when the government are doing something good and condemn maturely when they are doing something wrong

Malroux:
Tinubu is a disgrace to governance

100%

Only zombies like kobicove think otherwise despite living in penury

Where is the cut?

Fuel is still over 900/litre, so I ask again, where is the cut?

Richtaiwo:
Where is the cut?

Fuel is still over 900/litre, so I ask again, where is the cut?

Shey you dey buy petrol at all before the latest cut in price?

Mugu44:


100%

Only zombies like kobicove think otherwise despite living in penury

Even helinues won't agree with you.

No hailings from me yet until the prices are brought down to N87. That is the price it was when the APC came to power.

The people who sold at N87 don't have two heads.

one advantage of having productive local industries of international standard.

But he is playing with NNPC so the price can come down while he export a larger chunk outside for foreign exchange. NNPC looses both ways trying to compete in the local market. Not joyful about it though. NNPC should have brought down the price.

We had an organised pricing and it was unified across board, giving the customers range of choices to make as well as planning before this government cane on board.

But now the market done scatter... even if they reduce price, some will still claim they've got old stocks they bought at high price and will still sell new prices at old price. Everything govt even NNPC stations have the most adjusted metres now

Paraman:
Shey you dey buy petrol at all before the latest cut in price?

Petrol is still being sold above 1,000 naira per litre in most locations in Nigeria.

Tell me one private transport company that has reduced price of ticket because of the cut NLC is talking about.

And this NLC woman is now Dangote's new Girlfriend that is speaking very highly of him...

We still want a cheaper fuel ,



Princess Faith Chukwu

Chai !

As long price of fuel never reach 200/litre..Dangote never try be that

lets come together and celebrate this goods news... Tinubu is a mean, selfish thief

jmoore:

Petrol is still being sold above 1,000 naira per litre in most locations in Nigeria.

Tell me one private transport company that has reduced price of ticket because of the cut NLC is talking about.

Ignore that zombie.

Take a walk across most fueling stations in Nigeria, a lot are still selling above 1k. Even NNPCl and MRS that reduced theirs by just about N70, I can assure you that the impact of that reduction wouldn't be felt by the masses cos things would remain the same way in the market.

The only reduction that the masses would feel it's impact is if they take to N500 and below. Anything aside that would be a Greek gift.

Hemanwel:
No hailings from me yet until the prices are brought down to N87. That is the price it was when the APC came to power.

The people who sold at N87 don't have two heads.

That's not gonna happen braw

Bbb

Actually this is not a major cut or reduction. One of the major challenges the government is facing is 'smuggling' once they make a major reduction it will encourage the smugglers more that is why government is not ready to make any overhead expenses. Smuggle it at the original price if with transportation cost it's good for you and that is why they have been able to reduce smuggling to the minimum percentage. Though I agree the cost of petroleum is still very hight for common man and it's impact on other products especially foodstuffs. I am not seeing a major reduction in the line yet but I'm sure we are going to have minor reductions like this more until it go less than 700 naira per litter because the competition is already growing alot of private refineries are coming up plus that of the government once the competition is high it will benefit the masses more than government paying the expenses.

He shld bring it down to #650

Hemanwel:
No hailings from me yet until the prices are brought down to N87. That is the price it was when the APC came to power.

The people who sold at N87 don't have two heads.

Lol
You just want it back to where da met it. That's unrealistic at least Tinubu should take us back to where Buhari stopped and keep us there

Hemanwel:
No hailings from me yet until the prices are brought down to N87. That is the price it was when the APC came to power.

The people who sold at N87 don't have two heads.

The only way you will see 87 is if the dollar raise crushes tremendously which I don't see happening fast, it come down but In steps.

Hope the oil cults and cabals won't frustrate him

HALCYON44:
Actually this is not a major cut or reduction. One of the major challenges the government is facing is 'smuggling' once they make a major reduction it will encourage the smugglers more that is why government is not ready to make any overhead expenses. Smuggle it at the original price if with transportation cost it's good for you and that is why they have been able to reduce smuggling to the minimum percentage. Though I agree the cost of petroleum is still very hight for common man and it's impact on other products especially foodstuffs. I am not seeing a major reduction in the line yet but I'm sure we are going to have minor reductions like this more until it go less than 700 naira per litter because the competition is already growing alot of private refineries are coming up plus that of the government once the competition is high it will benefit the masses more than government paying the expenses.

How about dealing with the smuggling itself

helinues:
They tried this time around

That's how it supposed to be

Praise when the government are doing something good and condemn maturely when they are doing something wrong

This Ogbomosho Godforsaken hellanus..u no go fry your dead lizard wey u catch this morning use drink garri... ...can anything good ever come outta your dead brain

helinues:
They tried this time around

That's how it supposed to be

Praise when the government are doing something good and condemn maturely when they are doing something wrong

Government doing something good when the price of fuel is above 900# from 300#? I pity your miserable life

We still buy fuel at 1060 in top fuel stations in Jos.
Besides if dangote is buying crude in naira and there is no importation cost of crude and no importation cost of bringing it into Nigeria then why is d price freaking high.
See, Nigerian leaders and Dangote no send d masses at all. All of them de use us profit massively

HelipsTech:


Lol
You just want it back to where da met it. That's unrealistic at least Tinubu should take us back to where Buhari stopped and keep us there

where buhari stopped is rocket science for hellanus and his paymasters