PDP Reps Rejects Rise In Petrol Price

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The House of Representatives Minority Caucus has rejected the increment in the pump price of fuel announced on Wednesday by the Petroleum Product Marketing Company (PPMC).

PPMC, announced the increase in the pump price of fuel from N148 to N151.56 on Wednesday

The lawmakers, in a statement signed by the Minority Leader,Ndudi Elumelu (PDP-Delta), said it would worsen the current economic hardship and would result in an increase in the already high cost of consumer goods and services.

He said, “This is because such increase will directly result in more hardship on our citizens, particularly at this critical time when the 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.

“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 called on the PPMC to immediately revert to the former price, with a view to a downward review, and also urged the government to come up with strategies that would lead to a decrease of pump price rather than an increase in the cost of domestic fuel.

The lawmakers asked the government to revamp the nation’s refineries instead of resorting to price increment.

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