Home / E GIST / Criticisms greet new increase in fuel price amid claims, counter claims by NNPC, PPPRA

Criticisms greet new increase in fuel price amid claims, counter claims by NNPC, PPPRA

Some residents of Ilorin in Kwara State, on Friday, criticized the rationale behind the alleged new pump worth of petrol by the Federal authorities.

The criticisms are coming amidst the declare and counter declare by the NNPC and the PPPRA on which of the 2 our bodies has the authority to impact worth change of petroleum merchandise within the nation.

Recall that the NNPC has denounced the announcement of the gas pump worth enhance from N167 to over N200 on Thursday.

Reacting to the event, residents of Ilorin argued that the rise would result in a common enhance in costs of products and companies throughout the nation.

Apart that, they additional argued that transporters might be below strain to hike the price of transport fares within the midst of the current hash financial state of affairs Nigerians are going by way of.

In his response, the State Chairman of the Nigeria Labour Congress, NLC, Comrade Issa Ore, stated “We’ve stated that, this authorities isn’t a honest authorities.

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“They’ve elevated petrol pump worth greater than 4 occasions in two months.

” I hope Nigerians will rise as much as say a giant NO to this,” the NLC chairman declared.

Additionally reacting, a veteran journalist in Ilorin, Oluwole Oshundeyi, advised DAILY POST that with the pump worth of petrol at over N200 per litre, it would definitely translate into spiral inflation in the price of residing.

“Already, Nigerians are on the precipice over incoherent financial insurance policies. Right now, you shut the border, tomorrow, you open it, one isn’t certain of what the Federal authorities is doing on the elimination of gas subsidy. It’s a messy state of affairs,” he added.

Oshundeyi described the state of affairs as an irony of life, questioning how the appreciation of costs of crude oil on the worldwide market, which must be a factor of pleasure, is now a curse to the abnormal harmless Nigerian residents.

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“How do you describe a state of affairs the place each rise in crude oil worth on the worldwide market, will at all times outcome within the enhance within the pump worth on the native market?” he queried.

Oshundeyi, stated Nigerians, notably on the lowest rungs of the financial ladder are going through a hellish time presently, with poor energy provide, poor street community, insecurity difficulty, with each main and tertiary well being establishments amongst others begging for consideration.

Professor Hassan Salihu of the College of Ilorin, in his response merely stated,” there may be confusion on the matter.”

DAILY POST, nevertheless, studies that whereas the key entrepreneurs haven’t been equipped with the product on the time of this report, the filling stations owned by impartial entrepreneurs are having a subject day with queues by motorists.

The filling stations are nonetheless sustaining the present gas pump worth of N167 or N170.

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