The House of Representatives Committee on Petroleum Resources (Upstream) has called on Bola Tinubu to revert to the previous price.
Following a recent directive by the Nigerian National Petroleum Company Ltd. (NNPCL) to increase petrol prices from N617 to N897
The hike has triggered an immediate and substantial surge in the prices of commodities and transportation, consequently impacting the purchasing power of consumers.
The Committee chairman Alhassan Ado-Doguwa said in a statement that, “We urge the federal government and, of course, the NNPCL to consider the plight of Nigerians and suspend this recent increase in pump price.”
He continued, “Let us revert to the old pump price as soon as possible and probably intensify engagements with major stakeholders to address the problem.
“As a special committee, we will aggressively seek modalities to interface with the youths and community leaders in the oil-producing areas,” he stressed.
“We are working in collaboration with security agencies in their quest to secure oil pipelines and other critical facilities in the country.
“We believe that a return to the old pump price will calm frayed nerves, thus enabling Nigerians to go about their daily activities with ease,” Doguwa noted.
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