A former member of the House of Representatives, Hon. Ogbonna Nwuke, has said the removal of subsidy, which led to the sudden increase in petrol pump price
“Critical to that Act was the issue of deregulation. And when you say deregulation, you are saying that we must submit to market forces.
“The fuel price increase is now affecting the way we behave. Because the economy runs on fuel largely, the cost of food items has gone up. These are seeming indications of what will come in the short run. “Part of the impact on me is that I have to reassess my needs, how I get around and what my money can buy and keep my family running. So, everything has gone up.
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