- Target:
- Nigerian National Assembly
- Region:
- Nigeria
- Website:
- allafrica.com
Petrol prices in the oil-rich country have increased for three straight months, rising from slightly over 121 naira ($0.32) per liter in June to over 143 naira ($0.38) in July, 150 naira ($0.39) in August, and 162 naira ($0.43) in September, according to the report.
On Wednesday, the Petroleum Products Marketing Company increased the ex-depot rate of petrol – the price at which it is sold to suppliers – to over 151 naira ($0.40) from 138 naira ($0.36), before slashing it down to 147 naira ($0.39), the report said.
As for electricity, authorities have approved a rise in rates starting September, although a previous tariff hike slated for July 1 was halted by Nigeria’s parliament.
Power distribution companies had been asked to put off any tariff increase until the first quarter of 2021 due to “the current economic challenges in Nigeria,” according to The Punch.
However, consumers, except those receiving less than 12 hours of supply, will have to pay more for electricity starting from Sept. 1, the report said.
We, the undersigned, call on the National Assembly to intervene in the recent increase in fuel price and electricity tariff. The majority of Nigerians are suffering and cannot sustain this new development as their income did not increase with this increment. Please, we call on the National Assembly to act on behalf of the citizens!
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The CONDEMN THE INCREMENT OF FUEL PRICE & POWER TARIFF IN NIGERIA petition to Nigerian National Assembly was written by Afoke Ibeh and is in the category National Affairs at GoPetition.