“Unfortunate and Insensitive”: Peter Obi Tackles Tinubu on Fuel Price Hike

• 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.

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.

Read also

Fuel price hike: Ndume identifies those behind “harsh reforms, bad policies” under Tinubu

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:

“This is both unfortunate and insensitive, considering the wide-ranging negative consequences for our economic survival and well-being.”

Read also

“We have not loaded a single truck”: Marketers call out NNPC for N15 billion debt

See the tweet here:

Okupe reveals why Tinubu travelled to the UK

Legit.ng earlier reported that President Bola Tinubu travelled to the United Kingdom to avoid interference in his plan to reshuffle the cabinet.

Doyin Okupe, a former presidential spokesperson, defended the president’s option of spending two weeks on leave in the European country.

Okupe’s position came amid criticism that the president should have stayed in the country to address the various economic issues Nigerians are facing.

Source: Legit.ng