The House of Representatives has raised concerns over the recent fuel price hikes, warning that they could lead to social unrest. This warning came as talks between the Federal Government and labor unions reached a deadlock over the sudden increase in petrol prices.
NNPC retail outlets recently raised fuel prices to ₦1,030 per litre in Abuja, and ₦998 in Lagos, marking the second price hike in a month. This increase has worsened the cost of living, with transportation and food prices soaring.
The House urged the government to immediately reverse the price hike, emphasizing the economic hardship faced by Nigerians. Minority Leader Kingsley Chinda, along with 100 other lawmakers, highlighted the burden on households, blaming the subsidy removal, volatile global oil prices, and the naira’s depreciation.
