Residents of Abakaliki have appealed to the Federal Government to urgently address the crisis in the petroleum sector and halt the rising price of Premium Motor Spirit, otherwise called petrol.
The people spoke in separate interviews with the News Agency of Nigeria on Monday.They said that the astronomical price of petrol in Ebonyi and other South-East states was having a negative impact on the socio-economic life of the people.
Ade further said that the frequent adjustments in the pump price of petrol by filling stations amounted to economic crime.According to him, the development has caused excruciating economic pain to the average Nigerian.“It moved up to N270 and N290 in December and now goes for about N350 and N400 this January.“Workers, businesses and developmental projects are affected and suffering,” Ade said.
Okorie argued that petrol is still a regulated commodity, hence people could not understand the reason for the current development. She said that she was particularly affected, adding that she could no longer afford to pay her fare with her family’s back to Ekiti.
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