Similarly, the Minority Caucus in the House of Representatives yesterday, rejected an increase in the pump price of fuel from 148 naira to 151. 56 naira as announced by the Petroleum Product Marketing Company (PPMC).
The lawmakers, in a statement by the Minority Leader of the House of Representatives, Ndidu Elumelu, described the announced increase as unacceptable, stating it will result in an increase in the already high cost of consumer goods and services, and worsen the current economic hardship being suffered by Nigerians.
Elumelu asserted that such increase would directly result in more hardship on the citizens, particularly at this critical time when majority of Nigerians, across the country, are struggling to survive under the burden of the high cost of living and low purchasing power occasioned by the prevailing economic challenges.
He maintained that any increase in the cost of an essential commodity like fuel will therefore bring more hardship to the people and as such should not be contemplated.”
The opposition lawmakers challenged the APC -led government to rather come up with strategies that will lead to a decrease, rather than increase the cost of domestic fuel, including revamping the nation’s refineries, instead of always resorting to price increase, to the detriment of Nigerians.
They advised the PPMC to immediately rescind its announcement and revert to the former price with a view of a downward review.
