Fuel price hike: Peter Obi makes 1 demand from Tinubu

• Peter Obi, the Labour Party presidential candidate in the 2023 election, has described the recent fuel hike as insensitive and unfortunate
• According to Obi, President Bola Tinubu and the minister of state for petroleum resources should be blamed for the fuel crisis in the country
• Recently, the pump prices of fuel increased from N897 to N1,030 per litre which has led to skyrocketing transportation costs in the Federal Capital Territory (FCT)

Peter Obi, 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.

Obi faults Tinubu over increase in fuel price Photo Credit: @PeterObi
Source: Twitter

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.

How fuel price increment affects Nigerians

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.

The statement reads in part:

See the tweet here:

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!

Source: Legit.ng