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.... ....   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact Towards a better life for the people Search The Archives   Cover Stories National News South West Niger Delta South East North Politics Business Sports World Viewpoints Features   ..... NATIONAL NEWS Nigeria's fuel prices highest in all OPEC, says NLC By Rotimi Ajayi Monday, December 06, 2004 ABUJA — THE Nigeria Labour Congress (NLC) has described the retail prices of petroleum products in Nigeria as the highest in all the OPEC countries. The NLC in a statement in Abuja said Nigerians are paying more than 15 Naira above what their peers in the OPEC country with the highest petroleum prices are paying. The NLC gave the data as follows: Algeria—N35.39, UAE—N36.55, Saudi Arabia— N31.05, Kuwait— N28.09, Indonesia— N27.27, Quatar —N23.96, Libya— N11.50, Iran— N10.19 and Venezuela— 6.71. The NLC pointed out that the statistics being bandied around by the Federal Government in respect of pump prices of petroleum products in other OPEC countries was based only on propaganda. "We find the present statistics-based propaganda unacceptable. We believe that likes should be compared with likes, rather than comparing oranges with apples. As a member of the Organization of the Petroleum Exporting Countries (OPEC), we have attempted a comparison of Nigeria with her fellow OPEC members. This comparison clearly shows that among OPEC countries, petroleum products prices are highest in Nigeria." The NLC added that Nigerians are being continuously deceived because of the vested interest of some Nigerians in the petroleum industry. It described attitude of government issues of prices as an indication that the government officials lacked the will to arrest these interest. "It is a shame that even announced price of kerosene, the product the President chose to specifically single out for his intervention is not being observed anywhere in the country. "We call on Nigerians not to be misled by the flaunting of selective data and to continue to insist on a policy driven by the developmental needs of the overall Nigerian economy."   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact © 1998- 2004. Vanguard Media Ltd.

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