Many Enugu residents want FG to reverse petrol price hike

Date:

Maureen Ojinaka
Enugu, Sept. 10, 2024 (NAN) Many residents of Enugu metropolis have appealed to the Federal Government to reverse the hike in price of Premium Motor Spirit (PMS) in the interest of the masses.

Thank you for reading this post, don't forget to subscribe!

The residents, who spoke to the News Agency of Nigeria (NAN) on Tuesday in Enugu, decried the increase of PMS from N640 per litre to N897 by the Nigeria National Petroleum Corporation (NNPC) Retail Management.

The NNPC Retail Management had on Tuesday approved upward review of the pump price from N617 per litre to N897 llitre, effective from Sept. 3.

This is amid economic hardship and persistent fuel scarcity.

Checks by NAN revealed that the NNPC retail stations immediately adjusted their pumps and totems (price boards), reflecting the new PMS price of N897 as against N617 per lite.

NAN observed that many filling stations in Enugu metropolis were not selling the product.

Mr Philip Ukoh, a commercial bus driver, told NAN that the hike would bring more hardship to Nigerians.

Ukoh said it would also worsen the economic hardship being faced by Nigerians.

Mrs Ngozi Eze, a food vendor lamented the increase, adding that it would lead to the increase in price of everything in the market.

“As it stands now, a plate of food will surely increase from N1,200 to whatever price because everything will increase in the market,” she said.

Mr Chike Onyekwerea, a civil servant lamented the increase, adding that government was yet to implement the new minimum wage, yet it keeps increasing taxes.

Onyekwere said it was unfair for the government to increase the fuel price again without the implementation of the new minimum wage for civil servants in the country.

Another resident, Mr Isaac Igwe, a businessmab, called on the government to address the situation as many could hardly feed their families.

Mrs Chioma Onuorah, a fashion designer said that she was optimistic that with the help of local production of petrol by the Dangote refinery, price of fuel would drop.

Mr Jude Chime, the manager of a fuel station at Agbani Road, said that the product was scarce due to the high cost.

By Naija247news
By Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Nigeria’s Central Bank to Automate Forex Trading by December; Naira Hits 1,634/USD

ABUJA, Oct 4 Nigeria’s central bank will automate...

Nigeria Targets $10 Billion in Offshore Gas Investments with New Tax Breaks

  Nigeria hopes to attract as much as $10 billion...

El-Rufai declares intent to return to politics in 2027

Former Kaduna State governor, Mallam Nasir El-Rufai, has declared...