The minority caucus in the House of Representatives has kicked against the increase in the pump price of fuel from N148 to N151. 56.
Recall that the Petroleum Product Marketing Company, PPMC, an arm of the Nigerian National Petroleum Corporation, NNPC, on Wednesday, announced the hike in the petrol pump price.
But in a statement on Wednesday night signed by the Minority Leader, Hon Ndudi Elumelu (PDP-Delta), the lawmakers rejected the increment, noting that the action would result in an increase in the already high cost of consumer goods and services.
Elumelu added that the lawmakers said that the increment was unacceptable and would worsen the current economic hardship.
The opposition lawmakers urged the government to come up with strategies that would lead to decrease of pump price rather than increase in the cost of domestic fuel.
They recommended the revamping of the nation’s refineries rather than resorting to price increment to the detriment of Nigerians.
The minority caucus called on the PPMC to immediately rescind its announcement and revert to the former price, with a view to a downward review.
