{"id":133965,"date":"2024-10-12T09:25:47","date_gmt":"2024-10-12T08:25:47","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu"},"modified":"2024-10-12T10:29:44","modified_gmt":"2024-10-12T09:29:44","slug":"nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu","title":{"rendered":"NNPC: Reverse sudden fuel price hike \u2013 Peter tells Tinubu"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the sudden hike in the pump price of fuel.<\/p>\n<p>Obi described the sudden price hike by the Nigerian National Petroleum Company Limited, NNPCL, as insensitive and unfortunate.<\/p>\n<p>Posting on X, Obi said the sudden hike in the pump price of fuel would have a negative impact on Nigeria\u2019s economic survival.<\/p>\n<p>He wrote: \u201cAs Nigerians continue to groan under extremely difficult economic conditions, largely caused by the Federal Government\u2019s wrong policy choices, the NNPCL has once again raised the price of fuel (PMS) without providing any explanation.<\/p>\n<p>\u201cThis is both unfortunate and insensitive, considering the wide-ranging negative consequences for our economic survival and well-being.<\/p>\n<p>\u201cThis is neither how an economy\u2019s resources should be managed nor how a nation should be governed. In this new measure, there is neither sound economics nor necessary compassion.<\/p>\n<p>\u201cWe are told that the NNPCL is now a limited liability company, regulated by agencies such as the NUPRC and NMDPRA, yet there seems to be growing confusion about the roles and responsibilities of the NNPCL and these regulating bodies.<\/p>\n<p>\u201cInterestingly, both the NNPCL and the regulatory agencies are supposed to be under the supervision of the Federal Ministry of Petroleum Resources, with the President of the Federal Republic of Nigeria serving as the substantive Minister. Who, in this arrangement, is regulating who?<\/p>\n<p>\u201cWith the unprecedented but avoidable hardship that Nigerians are enduring, the responsibility for providing a full explanation, offering alternative options, and most importantly, reversing the sudden price hike falls squarely on the Honorable Minister of Petroleum Resources\/President of the Federal Republic of Nigeria.<\/p>\n<p>\u201cWe hope and pray that he acts in the best interest of the majority of Nigerians, who are living under unnecessarily precarious conditions, and that he does so before his return from his working vacation.<\/p>\n<p>\u201cTo casually inflict such a draconian measure on the populace from the comfort of an annual vacation amounts to taking the people\u2019s welfare lightly and for granted. A New and more compassionate Nigeria is indeed Possible! -PO\u201d<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the sudden hike in the pump price of fuel. Obi described the sudden price hike by the Nigerian National Petroleum Company Limited, NNPCL, as insensitive and unfortunate. Posting on X, Obi said the sudden hike [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":133963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[10896,254,434,7603,945],"class_list":["post-133965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-fuel-price-hike","tag-nigeria","tag-nnpc","tag-peter","tag-tinubu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NNPC: Reverse sudden fuel price hike \u2013 Peter tells Tinubu - Nigeria<\/title>\n<meta name=\"description\" content=\"The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NNPC: Reverse sudden fuel price hike \u2013 Peter tells Tinubu\" \/>\n<meta property=\"og:description\" content=\"The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-12T08:25:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-12T09:29:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1728712757.293669.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1151\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NNPC: Reverse sudden fuel price hike \u2013 Peter tells Tinubu\",\"datePublished\":\"2024-10-12T08:25:47+00:00\",\"dateModified\":\"2024-10-12T09:29:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu\"},\"wordCount\":372,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1728712757.293669.jpg\",\"keywords\":[\"Fuel price hike\",\"Nigeria\",\"NNPC\",\"Peter\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nnpc-reverse-sudden-fuel-price-hike-peter-tells-tinubu\",\"name\":\"NNPC: Reverse sudden fuel price hike \u2013 Peter tells Tinubu - 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