The House of Representatives Committee on Petroleum Resources (Upstream) has asked that fuel prices be restored to their old pump price, urging the Federal Government and Nigerian National Petroleum Company Ltd. (NNPCL) to comply.
In a statement issued in Abuja, Rep. Alhassan Ado-Doguwa, Chairman of the committee, characterized the increase in petrol prices as unacceptable.
He stated that a situation in which private corporations exploited weaknesses in the system to generate arbitrary profits at the cost of Nigerians was detrimental to the country’s prosperity.
Doguwa said:
“We urge the Federal Government and, of course, the NNPCL to consider the plight of Nigerians and suspend this recent increase in pump price.”
According to him, Nigerians were now facing several issues.
“Let us revert to the old pump price as soon as possible and probably intensify engagements with major stakeholders to address the problem,” he stated.
Doguwa, who also serves as Chairman of the Special Committee on Crude Oil Theft and Pipeline Vandalism, promised to address the issue of the government’s income loss as a result of crude oil theft.
He said:
“As a special committee, we will aggressively seek modalities to interface with the youths and community leaders in the oil-producing areas.”
According to him, this was done to address the regular occurrences of crude oil theft, which had the potential to disrupt the country’s fuel supply.
“We are working in collaboration with security agencies in their quest to secure oil pipelines and other critical facilities in the country.
“We believe that a return to the old pump price will calm frayed nerves, thus enabling Nigerians to go about their daily activities with ease,” Doguwa added.
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cc: Daily Post Ng
