Reps minority caucus rejects petrol value increment
The minority caucus within the Home of Representatives has condemned the rise within the pump value of Premium Motor Spirit (petrol) from N148 to N151.56k per litre.
The Petroleum Product Advertising and marketing Firm, on Wednesday, introduced that the Nigerian Nationwide Petroleum Company stores would now promote petrol for N151.56k per litre, whereas the Impartial Petroleum Entrepreneurs Affiliation of Nigeria had directed its members within the South-West to promote at N162.
The Minority Chief of the Home, Ndidu Elumelu, in a press release issued on Wednesday and titled, ‘Reps Caucus Calls for Halt in N151 Gasoline Worth Improve’, described the increment as unacceptable.
Elumelu mentioned, “The minority caucus within the Home of Representatives rejects the introduced enhance within the pump value of gasoline.
“It is because such enhance will instantly lead to extra hardship on our residents, significantly at this essential time when nearly all of Nigerians throughout the nation are struggling to outlive below the burden of the excessive price of dwelling and low buying energy occasioned by the prevailing financial challenges.
“Any enhance in the price of an important commodity like gasoline will, subsequently, deliver extra hardships to the folks and, as such, shouldn’t be contemplated.”
The opposition lawmakers challenged the All Progressives Congress-led Federal Authorities to provide you with methods that might result in lower reasonably than a rise in the price of gasoline, together with revamping our nation’s refineries, “as an alternative of at all times resorting to cost enhance to the detriment of Nigerians.”
The minority caucus, subsequently, directed the PPMC to “instantly rescind its announcement and revert to the previous value, with a view of a downward overview.”
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