Reps caucus rejects hike in fuel, demands halt in N151 price increase
- The Nigerian House of Representatives minority caucus has reacted to the petrol price increase in the nation
- The opposition lawmakers rejected an increase in the current price of premium motor spirit popularly known as petrol
- Ndudi Elumelu, the minority leader, described the increase as unacceptable
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Following the announcement of the increase in price of fuel, the minority caucus in the House of Representatives has rejected the current hike.
According to Channels TV, the minority leader of the House, Ndudi Elumelu, revealed this in a statement on Wednesday, September 2.
Elumelu while making the position of the lawmakers known described the announced price as unacceptable.
He went on to note that the increased price would result in an increase in the cost of consumer goods and services and worsen the current economic hardship.
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The opposition lawmakers challenged the President Buhari-led administration to come up with strategies that will lead to a decrease and not increase in the cost of domestic fuel.
Recall that the Pipelines and Product Marketing Company (PPMC) said that the price of premium motor spirit popularly known as petrol has been increased to N151.56 per litre.
The disclosure was made in a memo released by PPMC and signed by D.O Abalaka, adding that the price took effect from Wednesday, September 2.
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Earlier, Legit.ng reported that the APC blamed the opposition Peoples Democratic Party (PDP) and its past governments for the current petrol price increase in the country.
The ruling party was reacting to the PDP's statement where the opposition party criticised the Buhari administration for increasing the petrol price per litre and the electricity tariff in the country.
The APC said successive PDP governments had foisted on the country a corruption-tainted fuel subsidy regime, which is now affecting the present government.
In other news, the former governor of Ekiti state, Ayo Fayose, has condemned the increase in the price of petrol to N151.56 per litre.
Reacting to the development, Fayose lamented that the Nigerian government was increasing the price of petrol when other countries are putting in place measures to cushion the effects of Covid-19 lockdown.
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Source: Legit.ng
