The Nigeria Labour Congress – NLC has frowned on the recent hike in the pump prices of petrol, describing it as the height of insensitivity against the masses.

Deputy President of NLC on Political Commission, Prof THEOPHILUS NDUBUAKU disclosed this yesterday, as oil marketers refuted being blame for the recent hike in PMS prices nationwide.

Recall that on Friday, the pump prices of petrol rose to between 1,050 and 1,150 naira per litre following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners.

However, the Dangote Petroleum Refinery said the rise in petrol price was not from it plant but due to an increase in the cost of crude oil, the major component for refined petroleum products.

Similarly, Dealers confirmed that petrol prices would continue to rise since the major component in fuel production, crude oil, has been on the upward swing lately. But Prof NDUBUAKU argued that oil marketers are attempting to frustrate these efforts to maintain their monopolistic control.