The House of Representatives Committee on Petroleum Resources (Upstream) has called on the Federal Government and the Nigerian National Petroleum Company Ltd. (NNPCL) to reverse the recent hike in petrol prices.
The committee’s chairman, Rep. Alhassan Ado-Doguwa, described the increase as “unacceptable” and urged immediate action to alleviate the burden on Nigerians.
“We urge the Federal Government and, of course, the NNPCL to consider the plight of Nigerians and suspend this recent increase in pump price,” Doguwa said in a statement.
The committee highlighted the difficulties faced by citizens and criticised private companies for exploiting system gaps to generate profits at the expense of the populace.
Doguwa stressed the need for a return to the old petrol price and encouraged broader stakeholder engagement to address the issue.
Doguwa, who also chairs the Special Committee on Crude Oil Theft and Vandalisation, outlined plans to collaborate with security agencies to curb oil theft, which threatens the nation’s fuel supply.
“A return to the old pump price will calm frayed nerves, enabling Nigerians to go about their daily activities with ease,” he added.
He advised Nigerians to support President Bola Tinubu’s administration as it seeks to revitalise the oil and gas sector, including the ongoing efforts to rehabilitate the Warri and Port Harcourt refineries.