NNPC: Reverse sudden fuel price hike – Peter tells Tinubu

Fuel Price Hike News

NNPC: Reverse sudden fuel price hike – Peter tells Tinubu
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The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the sudden hike in the pump price of fuel. Obi described the sudden price hike by the Nigerian National Petroleum Company Limited, NNPCL, as insensitive and unfortunate.

Posting on X, Obi said the sudden hike in the pump price of fuel would have a negative impact on Nigeria's economic survival. He wrote: 'As Nigerians continue to groan under extremely difficult economic conditions, largely caused by the Federal Government's wrong policy choices, the NNPC L has once again raised the price of fuel without providing any explanation.

'Interestingly, both the NNPCL and the regulatory agencies are supposed to be under the supervision of the Federal Ministry of Petroleum Resources, with the President of the Federal Republic of Nigeria serving as the substantive Minister.

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