In a Facebook post on Tuesday, Ahmad Bashir, a media aide to former President Muhammadu Buhari, expressed his concern about the significant rise in the price of premium motor spirit and its potential to cause immense hardship and suffering among Nigerians.
Mr. Ahmad stated without any doubt that the surge in petroleum product prices would have severe consequences for the general public, particularly the masses.
“He further stated that our only hope is that the future increase will bring benefits to everyone and Nigeria as a whole,” he expressed.
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Mr. Ahmad made these comments in light of the fact that the price of petrol reached N617 on Tuesday.
This increase followed the jump from N195 to N540 on May 29, when President Bola Tinubu eliminated fuel subsidies upon assuming office.
Mele Kyari, the managing director of the Nigerian National Petroleum Company Ltd. (NNPCL), attributed the soaring price of premium motor spirit to market conditions.
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Initially, Mr. Tinubu had proposed providing $10 per month for six months to 12 million households. However, due to criticism from Nigerians who deemed the offer too insufficient, the decision has been reversed.
