LAGOS — AS fuel scarcity woes worsened in the country, the Nigerian Bar Association, NBA, House of Representatives, the Peoples Democratic Party, PDP, New Nigeria Peoples Party, NNPP, and Coalition of Northern Groups, CNG, among others, yesterday, called on the Federal Government to reverse the hike in fuel price.
On Monday, fuel price was raised from N568 per litre to N897 sparking outrage in the polity.
This is as Vice President Kashim Shettima met with Minister of State, Petroluem, Heineken Lokpobiri, the Group Chief Executive Officer of the Nigerian National Petroluem Company Limited, NNPCL, Mele Kyari and the National Security Advisor, NSA, over the recent increase in petrol pump price and the scarcity of the product across the country. Also, the Minister said the FG was not fixing price of petrol.
Meanwhile, NNPCL, yesterday, said petrol prices were determined by free market forces.
This came as Nigeria Employers’ Consultative Association, NECA, yesterday, said the government has been economical with the truth with the citizens on the situation of the local refineries and the fuel prices and situation in the country.
Recall that the NNPCL on Tuesday increased the pump price of petrol from N568 to N855, N897, depending on the location per litre, amid lingering fuel scarcity in the country, though it issued a statement saying it was not responsible for the petrol price hike.
The new increased price came after NNPCL admitted that it owed its suppliers more than $6billion in debt.
Vanguard
