The House of Representatives Committee on Petroleum Resources (Upstream) has demanded the reversal of fuel to the old price, urging the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to comply.
Rep. Alhassan Ado-Doguwa, the Chairman of the committee in a statement in Abuja, described the hike in petrol price as unacceptable.
He said that a situation where private companies took advantage of gaps in the system to make arbitrary profits at the expense of Nigerians was inimical to the country’s progress.
“We urge the Federal Government and, of course, the NNPCL to consider the plight of Nigerians and suspend this recent increase in pump price,” he said.
According to him, Nigerians were currently going through a lot of challenges.
“Let us revert to the old pump price as soon as possible and probably intensify engagements with major stakeholders to address the problem,” he said.
Doguwa, who is also the Chairman, the Special Committee on Crude Oil Theft and Vandalisation of Pipelines, also pledged to tackle the challenge caused by the loss of revenue to the government owing to the loss of crude.
“As a special committee, we will aggressively seek modalities to interface with the youths and community leaders in the oil-producing areas,” he added