VANGUARD
Some traders and commuters in the Federal Capital Territory (FCT) have frowned at the increase in the pump price of Premium Motor Spirit (PMS) by the NNPC Ltd.
The News Agency of Nigeria (NAN) reports that the NNPC Ltd. Retail Management approved the upward review of PMS pump price from N617 per litre to N897 per litre effective from Sept. 3.
The commuters and traders, who spoke to NAN in Abuja on Tuesday, said the development would increase food prices which was gradually crashing and also the sufferings of the masses.
Mr Ignatius Ugwu, a civil servant, said the fuel pump price increase would further reduce the purchasing power of workers.
He said the increase would hike transportation fares which would make it difficult for workers to resume work promptly and be productive.
Ugwu appealed to the Federal Government to pay workers’ minimum wage and introduce other palliatives that would help cushion the effect of the increase on the masses.
”This information is very scary for a country like ours where people are struggling to eat even one good meal a day.
”This increase will make transport fare and other prices of goods and services to go up.
