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In a statement, the Nigeria Labour Congress (NLC) expressed concerns that the pump price of petrol in Nigeria continues to exceed market values, raising questions about the fairness of pricing for consumers. Nigeria’s landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to ₦971 per litre for November 2024. This marks a significant 20.23% decrease from ₦1,219 per litre recorded in August 2024, according to data from the Major Energies Marketers Association of Nigeria. The decline is attributed to fluctuations in both the Naira-dollar exchange rate and the internatio…

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