Home > Business > Agribusiness > Nigerians Groan As Buhari Government Increases Fuel Price To N151.56pl

Nigerians Groan As Buhari Government Increases Fuel Price To N151.56pl

A cross-section of Nigerians has called out President Muhammadu Buhari’s government over the increase of petrol price to N151.56 per litre.

The Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC on Wednesday announced the increment in the pump price of petrol.

The new price takes effect from September 2, 2020.

The announcement has stirred reactions from Nigerians on social media accusing the Buhari-led government of inflicting hardship on citizens.

Some users on Twitter said the new pump price will result in a hike in food items and transportation which is unfair to Nigerians especially at a time when businesses are staggering due to COVID-19 pandemic.

Here are some comments gathered from Twitter;

@Codshallom77 “This next level is really shaping up to something else! TAXES are being raised across the board, levies and petrol pump prices are going higher and income levels of Nigerians have dwindled! Nigeria’s socialism is fast destroying her.”

@OlubunmiMayaki “The Buhari administration is so insensitive to the plight of Nigerians. It has increased taxes, petrol pump price, electricity tariff, stamp duty etc. at a time of global pandemic. Unbelievable!

@BhadmusAkeem “Pipelines and Product Marketing Company (PPMC) have directed it’s Stakeholders in Nigeria to increase the price of petrol to N151.56 per litre. For a country that has crude oil deposit, buying at N148 is cruel not to talk of N151.56. Just ask us to leave this country. Simple.”

@Shakur “Our crime for all these inflation is being Nigerians. Electricity tariff increased, Petrol price increased, now watch the price of solar equipment increase also and other things such as cold water and soft drinks increase. I pray we 2023 as a nation.”

@Collins “Why did petrol price go up? Nigerians citizens are already suffering, everything will go up again in the market, supermarkets, shame on the APC Government.”

@Raymond “N151.56/litre is the new petrol price. All of this increase in a freaking pandemic. Oh I forgot, Nigerians are very strong people. ”

@Letter_to_jack “How Nigerians occupied the streets because GEJ increased Petrol price to 140/L and are moving on as if nothing happened now that it’s 150/L is a mystery.”

@Jeremiahrmg “Petrol price now selling at N151.Nigerians deserve a better policy from this administration.”

@Mc_matj “So you guys ain’t done yet. We pleaded with you guys to reduce the petrol price and you found it difficult to do it effectively. Immediately lockdown was lifted we have seen effective and reoccurring price increase.”

@Patpaulj “This government has increased electricity tariff even in this pandemic. VAT hike, stamp duty, petrol price hike etc. All you do is take and take from Nigerians.”

@Kamaldinda13 “Buhari is trying so hard to make Nigerians poorer. From numerous taxes and charges down to an increase in price of everything, ranging from food to petrol.”

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

x

Check Also

No Going Back On Strike Action Over Fuel, Electricity Tariff Hike, NLC Vows

The Nigerian Labour Congress has said that it was not going back on its plan ...

Nigeria Records 338 New COVID-19 Cases, Total Now 5,959

Nigeria has recorded 338 new cases of coronavirus, bringing the total number of confirmed infections ...