SOCIO-ECONOMIC RIGHT & ACCOUNTABILITY PROJECT (SERAP): WE CONDEMN THE HIKE OF PETROL PRICE FROM N147.67 PER LITRE TO N155.17 PER LITRE ~ INN Nigeria

The frequent hike in fuel price is entirely inconsistent with the Nigerian Constitution and international obligations and must be immediately reversed.

We condemn the hike yesterday by The Federal Government Of Nigeria of ex-depot price of petrol from N147.67 per litre to N155.17 per litre.

According to the Nigerian Constitution 1999 [as amended], Nigeria’s resources should be used to ensure the maximum welfare, prosperity, freedom and happiness of every citizen on the basis of social justice and equality, AND NOT to finance a life of luxury for politicians.

With the latest hike by the Petroleum Products Marketing Company, a subsidiary of Federal Government Of Nigeria owned NNPC, petrol price has increased by about four times in 2020.

It had risen from N121.50–N123.50 per litre in June and N140.80-N143.80 in July and N148-N150 in August.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s