Peter Obi, the Labour Party’s presidential candidate in the 2023 election, has condemned the recent fuel price hike, calling it “insensitive and unfortunate.” Obi stated that President Bola Tinubu and the Minister of State for Petroleum Resources are responsible for the ongoing fuel crisis in the country. The pump price recently surged from N897 to N1,030 per litre, significantly increasing transportation costs in the Federal Capital Territory (FCT).
the Labour Party’s 2023 presidential candidate, has condemned the recent fuel price hike by the Nigerian National Petroleum Company Limited (NNPCL) as “unfortunate and insensitive”.
The price increase from N897 to N1,030 per litre has led to skyrocketing transportation costs in the Federal Capital Territory.
In a tweet on Saturday, October 12, Obi emphasized the far-reaching negative consequences for Nigeria’s economic survival and its citizens’ well-being. He argued that the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, and President Bola Tinubu are responsible for reversing this price hike.
The price increase has exacerbated economic hardship for Nigerians, with the President of the Nigeria Labour Congress, Joe Ajaero, and the Independent Petroleum Marketers Association of Nigeria (IPMAN) also criticizing the hike. IPMAN revealed that NNPC sells petrol to independent marketers at N1,010/litre in Lagos despite purchasing it at N898/litre from the Dangote Petroleum Refinery.
Obi questioned the lack of explanation for the price hike and the unclear roles and responsibilities among NNPCL and regulatory agencies. He urged the government to act in the best interest of Nigerians and reverse the price hike before President Tinubu returned from his working vacation.
