Reconsider Position On ₦385 Pump Price, Senator Warns Govs

Reconsider Position On ₦385 Pump Price, Senator Warns Govs
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The Chairman Senate Committee on the Federal Roads Maintenance Agency, Senator Gershom Bassey, has  state governors against pushing for an increment in the pump price of the Premium Motor Spirit, better known as petrol.

The Nigeria Governors’ Forum had during its virtual meeting  on  May 20, considered the report of a committee headed by the Kaduna State Governor, Mallam Nasir El-Rufai, and accepted its recommendation that supported a full deregulation of the petroleum industry.

The El-Rufai panel was said to have suggested that the pump price of the product should hover around N385 per litre.

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But Bassey, in an interview with our correspondent in Abuja, asked both the federal and state governments to apply caution and ensure that any decision on petrol was taken with a human face.

The Cross River senator said, “There are some realities in the petroleum industry which the Nigerian National Petroleum Corporation has been talking about for some time now.

‘I think that whatever those realities are, anything that has to do with the price of the petroleum products must be fixed with a human face.

‘Here,  we have a country where the quality of the value of the naira is going down. The disposable income of all Nigerians is nothing to write home about, yet you are talking about increasing the prices of fuel. I think the governors should approach the issue with a human face.’

The El-Rufai committee was also said to have recommended that the Federal Government should buy  buses for mass transportation of Nigerians, among other palliatives, to cushion the effects of the price increase.

The El-Rufai’s six-member committee was set up early in the year by the National Economic Council headed by Vice President Yemi Osinbajo.

It was to look into the dwindling revenues of states and make recommendations to the council.

Africa Daily News, New York recalls that NGF had in a communiqué after the meeting noted that the El-Rufai panel briefed it on the appropriate pricing of petrol in Nigeria, calling for full deregulation.

AFRICA DAILY NEWS, NEW YORK

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