House Of Reps Minority Calls For Immediate Reversal Of Petrol Price -

The Minority caucus of the House of Representatives has called for the immediate reversal of the recent increase in prices of petrol, saying that it will no doubt increase the suffering of the Nigerians the caucus in a statement today, said the unilateral action of increasing the price of Premium Motor Spirit disregards the principles of transparency, accountability, and fairness, which should guide decisions affecting the lives of the citizenry.

The statement by the Minority Leader, Kingsley Chinda asked the President to immediately put in place urgent measures to address the connection between dire economic conditions and social unrest rather than create conditions that exacerbate the already dire economic conditions.

At a time when the nation is grappling with unprecedented economic challenges, including rising inflation, unemployment, and the depreciating value of the Naira, any further increase in the price of petrol will only exacerbate the suffering of the average Nigerian the ripple effects of such an increase are far-reaching, impacting the cost of transportation, food, and other essential goods and services.

This will ultimately erode the already fragile purchasing power of millions of our citizens, pushing more families into poverty the ripple effects of such an increase are far-reaching, impacting the cost of transportation, food, and other essential goods and services. This will ultimately erode the already fragile purchasing power of millions of our citizens, pushing more families into poverty.

The Minority Caucus is deeply concerned that this decision by the NNPC appears to have been made without adequate consultation with relevant stakeholders, including the National Assembly, which represents the interests of the people this unilateral action disregards the principles of transparency, accountability, and fairness, which should guide decisions affecting the lives of the citizenry.

The current dire economic conditions, characterized by rising unemployment, soaring inflation, and widening inequality, have placed immense pressure on the livelihoods of citizens.