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The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian National Petroleum Company Limited (NNPCL) to reverse its recent Premium Motor Spirit (PMS) price adjustment.
The Director of CPPE, Muda Yusuf, disclosed this in an interview with newsmen on Monday, after the NNPCL announced a fresh price increase, setting petrol prices between N950 and N1,019 per liter for Dangote Refinery Petrol across its retail outlets.
Yusuf urged the NNPCL to reverse the price hike, stating that further increases in petrol prices will exacerbate the rise in the cost of goods and services in Nigeria.
He reiterated that the NNPCL’s decision to announce the price hike does not demonstrate sensitivity to the prevailing socio-economic conditions in Nigeria, while also calling for a stronger relationship between Dangote Refinery and NNPCL in the interest of all Nigerians and the country’s economy.
