The House of Representatives has demanded an immediate reveal of the increase in the pump price of Petrol and cooking gas.
The House in a motion this Monday moved by the Deputy Minority Leader, Aliyu Madaki, and sponsored by 111 members of the house, also asked the Nigerian National Petroleum Company Limited, NNPCL, and the Ministry of Petroleum Resources to increase local refining capacity for the immediate reversal of the price increase in petrol and cooking gas.
The lawmakers noted with concern that the hike has caused severe hardship on Nigerians and is threatening job security in the country.
The House further charged the Central Bank of Nigeria, CBN, to immediately implement monetary policies that would mitigate the adverse effect of fuel price hikes and the accompanying inflation.