FG defends petrol price hike

0
274

The federal government has again defended the increase in petrol pump price to N162 per litre.

The hike sparked wide spread outrage with most commentators dishing the federal government and accusing it of insensitive to the plight of the common man living in grinding poverty exacerbated by COVID-19.

READ ALSO: Union Bank react to branch closure over alleged tax default

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, also tore into the government and dismissed the latter’s claim that the increase was a fallout of market forces surrounding oil price in international market.

PENGASSAN said if anything, government’s continual devaluation of naira was responsible for the hike.

Pleading its case on Monday, the government at a press conference held by the Minister of Information and Culture, Lai Mohammed, in Abuja, said the country’s pump price remained one of the cheapest in Africa.

“In spite of the recent increase in the price of fuel to N162 per litre, petrol prices in Nigeria remain the lowest in the West/Central African sub-regions.

“Below is a comparative analysis of petrol prices in the sub-regions (naira equivalent per litre): Nigeria -N162 per litre; Ghana -N332 per litre;  Benin -N359 per litre; Togo – N300 per litre; Niger – N346 per litre; Chad -N366 per litre; Cameroon -N449 per litre; Burkina Faso -N433 per litre; Mali -N476 per litre; Liberia – N257 per litre; Sierra Leone -N281 per litre; Guinea  -N363 per litre; and Senegal – N549 per litre,” Mohammed said.

Sign up for our daily newsletter

Get the latest news delivered straight to your inbox every day. Stay informed with the Orijo Reporter's leading coverage of Nigerian and world news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here