Lawmakers Appeal for Fuel Price Reduction
The House of Representatives Committee on Petroleum Resources (Upstream) has urged the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to reconsider the recent fuel price hike. In a statement from Abuja, committee Chairman Alhassan Ado-Doguwa described the price increase as unacceptable and harmful to Nigerians.
Doguwa emphasized the need for the government to restore the previous pump price and prevent private companies from exploiting weaknesses in the system for excessive profits at the expense of ordinary citizens.
Addressing Crude Oil Theft and Pipeline Vandalism
As Chairman of the Special Committee on Crude Oil Theft and Pipeline Vandalism, Doguwa also expressed concern over revenue losses caused by crude oil theft. He highlighted the committee’s commitment to working with security agencies to secure oil pipelines and protect critical infrastructure.
“We urge the Federal Government and the NNPCL to consider the plight of Nigerians and suspend this recent increase in fuel prices,” Doguwa said. “Reverting to the old price will ease the tension and allow citizens to continue with their daily lives.”
Calls for Comprehensive Reforms
Doguwa called on Nigerians to support the administration of President Bola Tinubu as it implements reforms in the oil and gas sector, including the revitalization of refineries. He noted that ongoing efforts, such as the Petroleum Industry Act, will soon allow the country to fully benefit from its oil and gas resources.
The NNPCL had recently instructed its outlets to increase fuel prices from ₦617 to ₦897 per liter, a move that triggered a surge in the cost of goods and transportation services across the country.
