INCESSANT FUEL PRICE HIKE CAN CAUSE UNTOLD HARDSHIP FOR NIGERIANS – HOUSE MEMBER

By Arowoogun Abiola

 The lawmaker representing Ideato North/Ideato South Federal Constituency of Imo State, Hon.  Ikenga Ugochinyere had stated that the constant price of Premium Motor Spirit (PMS) otherwise known as petrol will cause an untold hardship to Nigerians.  He said this while decrying the new adjustment of fuel price of N617 by NNPCL outlets in Abuja on Tuesday 18th July which has led other independent marketers to immediately adjust theirs too across the nation, especially, in Abuja, Lagos, Ogun and River States.  In the motion, he moved for the set up of an adhoc committee on “the incessant fuel price hike” during a house plenary session.

According to Ugochinyere in the course of presenting the motion, the fuel pump price has increased two times in just two months, the latest about “80%”.  According to him, this may caused Nigerians untold hardship as it will continually lead to “astronomical increase in the price of things, especially, food”.

Mele Kolo Kyari OFR, NNPC Limited GCEO

“The price of fuel affects the price of everything in the market”.  He therefore persuaded the House to invite the NNPCL boss, Abba Kyari and his principal officers to appear before the adhoc committee to ascertain the causes of the recent price hike.

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