FG Warned against Fresh Fuel Price Hike

Gas pump with a drop of gasoline fuel.

The Federal Government has been cautioned against further increase in fuel price in the country.

The PDP gave the warning  in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan in Abuja.

Ologbondiyan said that Nigerians were already faced with economic hardship following the November 2020 increase in the price of fuel to N170 per litre, adding that further hike in fuel price would worsen the situation.

“This will worsen the current economic situation, where over 90 million citizens live in abject poverty, with an alarming 23 per cent unemployment rate and many more living below N500 a day,” he said.

The PDP stated that there was no justification in comparing Nigeria’s fuel price with those of other countries whose citizens have better purchasing power, saying  that Nigerians might not survive a further fuel price increase with its attendant increase in cost of goods and services.

“With a N30, 000 monthly minimum wage, which represents N1,000 daily wage, compared to a countries like Saudi Arabia with a monthly minimum wage of 3,000 Riyals; a daily pay of100 Riyals (N10,161).

“There is no foundation to base fuel price in Nigeria with that of Saudi Arabian where citizens earn ten times higher, the Party averred.