Vox Pop: Negative Impact Of Petrol Price Hike On Nigerians

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Frank

Member
Jun 20, 2023
51
0
6
36
On Tuesday, September 3, 2024, the Nigerian National Petroleum Company (NNPC) announced an increase in the price of Premium Motor Spirit (PMS), commonly known as petrol. This announcement has since left the country in commotion.

As we speak, little groups of protesters have started springing up in some parts of the country. It all began on Tuesday. Nigerians were busy battling the unbearable hardship, that was when the NNPC came with the announcement. They told Nigerians that the new pump price per litre of petrol is now ₦855 across its filling stations.

Nigerians did not need a soothsayer to tell them the negative impacts this increase would have. Even the TUC has joined other Nigerians to counter this increase. The union warned that these actions will intensify the already high levels of poverty and hardship across the country and could potentially lead to social unrest.

The union also highlighted the widespread anxiety and depression sparked by the nationwide increase in PMS prices, noting that this development comes at a time when citizens are already grappling with unprecedented levels of hardship.