The Nigeria Labour Congress (NLC) has threatened to shut down the economy if the petrol price increases further from the current N617 per liter.
Comrade Joe Ajaero revealed the new development on Monday at the African Trade Union alliance meeting in Abuja.
The Organised labour on August 2, 2023, disrupted activities at the National Assembly demanding that fuel pump price be reverted to its initial N194 per liter before President Bola Tinubu’s inauguration.
However, oil marketers indicated that the cost of fuel would rise between N720 per liter of the dollar and continues to increase at the parallel market.
THE WHISTLER earlier reported that the naira has extended its loss as the currency depreciated to N902 per dollar on the black market.
Reacting to the planned price increase, Ajaero said, should there be another increase in the price of Petrol Motor Spirit from the existing N617, there will be an indefinite nationwide shutdown.
